JAKARTA. PT Mulia Industrindo Tbk (MLIA), a glass and ceramic manufacturer, will split its stock value with a ratio of 1 to 5 this month.
This plan had been approved by the shareholders during MLIA’s own Extraordinary General Shareholders Meeting held last month. In said meeting, those investors agreed to divide the shares’ value from IDR 500 per share to IDR 100 each.
MLIA’s trading session in the regular and negotiation market that uses the outdated value as a reference will end on July 14, 2022. Meanwhile, both the settlement of the transaction using this old value and the recording date are scheduled for July 18, 2022.
Accordingly, MLIA’s stock trading session in the cash market will become unavailable for two days, from July 15 to 18, 2022. Then, MLIA’s stock will be traded with the new value starting on July 19, 2022.
MLIA’s stock price was seen weakening by 80 points, depleting 2.91% to IDR 2,670 per share, until 9.52 AM WIB today. However, year-to-date (ytd) or from the beginning of this year, MLIA’s stock price has been increasing 24.19% or 520 points in general. (KR/ZH)