JAKARTA. Shareholders of PT Fastfood Indonesia Tbk (FAST) approved the company's plan to change the nominal value of the company's shares (stock split) from Rp 100 to Rp 50 / share.
In addition to the stock split, the shareholders also approved the company's plan to hold a rights issue. Most of the rights issue proceeds will be used to open new outlets and partly to renovate outlets aged 5 years and above.
The shareholders' approval was stated in the results of the company's Extraordinary General Meeting of Shareholders (EGMS) in Jakarta on Tuesday (28/1). Data from the Indonesia Stock Exchange (IDX) showed that the price of FAST shares in the first trading session today (29/1) stagnated at the level of Rp 2,500 / share.
In the disclosure of information, the company targets its sales to reach Rp 8 trillion or grow by 14.1%. (AM/AR)