JAKARTA. PT MAP Aktif Adiperkasa Tbk (MAPA), a retail company under PT Mitra Adiperkasa Tbk (MAPI), will initiate a stock split with a 1:10 ratio.

MAPA has obtained approval from the Annual General Meeting of Shareholders regarding this corporate action. The number of shares of the company after the stock split will then rise to 28.5 billion units after the stock split. Meanwhile, the value of each share will shrink to IDR 10 from the previous IDR 100 per share.

The end of the trading session of MAPA's shares with the late value in the regular and negotiation market is set to July 14, 2023. Then, the beginning of the stock trading with the new value in the regular and negotiation market is scheduled to take place on July 17, 2023, and July 20, 2023, in the cash market.

According to IDNFinancials data, MAPA's stock price at today's closing bell was seen weakening 2.84% or 200 points lower to IDR 6,850 per share. However, since the beginning of its listing on Indonesia Stock Exchange (IDX), MAPA's stock price has increased 117.46% or 3,700 points. (KR/ZH)