JAKARTA. PT Superkrane Mitra Utama Tbk (SKRN) will divide the face value of its shares, also known as a stock split, from IDR 100 per share to IDR 20 per share. With this stock split, the number of shares of this construction company will rise from 1.5 billion units to 7.5 billion shares.

The stock split is decided during the Extraordinary General Shareholders Meeting on December 19, 2022. The company then sets the last date for the stock trading in the regular and negotiation market with the old shares value to this Thursday, January 5, 2023.

Eddy Gunawan, Corporate Secretary of Superkrane Mitra Utama, expects this stock split to raise the liquidity of its shares as their price will become more affordable for retail investors. “We also wish that the public’s stock portion increases with the stock split underway,” he added, as quoted in Bisnis yesterday (1/1).

The last date for the stock trading with the old shares value in the regular and negotiation market is set to January 5, 2023, while the new shares value will be used starting from January 6, 2023. The last date for completing transactions with old shares value in the regular and negotiation market is scheduled to January 9, 2023. That Monday will also be the recording date, determining the account holders that are eligible for the stock split shares. Lastly, the first day of stock trading with the new shares value in the cash market will be Tuesday, January 10, 2023. (AM/ZH)