JAKARTA - PT Buyung Poetra Sembada Tbk (HOKI) has received approval from shareholders to conduct a stock split at the Extraordinary General Meeting of Shareholders yesterday (27/1).
HOKI stock split changes have been agreed with a ratio of 1:4 which will be effective upon receiving approval from the Indonesia Stock Exchange (IDX).
Budiman Susilo as Director of HOKI, explained, “HOKI has received permission from shareholders today to conduct a stock split which aims to attract investors, including retail investors. Hopefully new HOKI share price will be more affordable and can increase the liquidity of the Company’s shares. This is of course accompanied by HOKI’s strategies to achieve good performance for the Company, consumers, shareholders, and all other stakeholders.”
In addition to the approval of the nominal share stock split, the shareholders also approved the reappointment of the Board of Directors and Board of Commissioners of HOKI for a five-year period at today’s EGMS. In addition, this EGMS also discussed and decided on other amendments to the Articles of Association. (LM)