JAKARTA - PT MNC Studios International Tbk (MSIN) will carry out a stock split agenda, with a ratio of 1: 2, which will cause its share price to drop to IDR 50 per share, from previously IDR 100 per share.
Hatunggal Muda Siregar, Corporate Secretary of MSIN, explained that the agenda was in accordance with the decision of Extraordinary General Meeting of Shareholders (EGMS) in mid-November 2020. Today the company management has set a number of important dates related to the stock split agenda, according to Siregar in an information disclosure on Indonesia Stock Exchange (IDX).
The end of trading in shares with previous nominal value on regular and negotiated market, namely IDR 100 per share, was set on Monday, December 28, 2020. Then, the new nominal value was set on Tuesday, December 29, 2020.
Meanwhile, trading in shares with a new nominal value on the cash market will be started on Monday, January 4, 2021. (KR/VA)