MDKA to Split Stocks by 1:5

By Editorial Team 04/09/2019
Summary

PT Merdeka Copper Gold Tbk is planning a stock split to boost its liquidity. The MDKA-stock coded company will hold an extraordinary general meeting of shareholders (RUPSLB) on September 25, 2019, to seek approval to split the par value of stocks.

When asked for confirmation, MDKA Corporate Secretary Adi Adriansyah Sjoekri said the planned stock split at a ratio of 1:5 was taken to increase circulating shares. Thus, the corporate action can encourage MDKA stock trading liquidity on the Indonesia Stock Exchange, in addition to expecting wide-open access to retail investors.

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