JAKARTA. PT Pelayaran Kurnia Lautan Semesta Tbk (KLAS), a logistics and shipping company, will distribute stock dividend with a ratio set to 12:1.

Novi Susanti, Director of KLAS, mentioned that the corporate action had obtained approval from General Meeting of Shareholders on October 31, 2024. Total stock dividend is then set to IDR 51.96 billion, or equal to 180.41 million shares.

The ratio for this stock dividend distribution is 12 to 1, meaning that for every 12 old shares, the shareholder will gain 1 share of stock dividend.

The stock dividend will be received by investors whose names listed as official shareholder by the recording date on November 12, 2024. The stock dividend allocation will take place on November 29, 2024.

According to IDNFinancials data, KLAS’s total assets at the end of June 2024 were reported at IDR 353.89 billion, with cash and cash equivalent of IDR 86.4 billion. Meanwhile, its total equity reached IDR 215.47 billion. (KR/ZH)