JAKARTA. PT Mandom Indonesia Tbk (TCID) will initiate a stock split with a ratio of 1:2.

TCID has obtained approval from its shareholders in mid-May 2023. In the meeting that had been held, the shareholders agreed upon the stock split plan, dividing the stock value to IDR 250 per share from the previous IDR 500.

With said ratio, the number of outstanding shares of TCID will increase to 402.13 million shares. As of now, the shares clocked up to 201.07 million units.

The end of the trading of TCID’s shares with old value in the regular and negotiation market is set to June 5, 2023. The new face value will take effect on the trading days in the regular and negotiation market on June 6, 2023, and in the cash market on June 8, 2023.

According to IDNFinancials data, TCID’s stock price has increased 13.62% or 725 points within the past year. At the end of today’s (29/5) first session, TCID’s stock was closed at IDR 6,050 per share. (KR/ZH)