JAKARTA. PT Soho Global Health Tbk (SOHO), a pharmaceutical company with a market capitalization of IDR 6.15 trillion, will carry out a stock split with a ratio of 1:10.

After the stock split, the nominal value of SOHO shares will change to IDR 50 per share, from previously IDR 500 per share. The number of company shares will increase to 12.69 billion shares, from the previous 1.26 billion shares.

Currently, the company has obtained principal approval from the Indonesia Stock Exchange (BEI) regarding the stock split plan. "As stated in BEI Letter No. S-07353/BEI/PP2/08-2023 dated 31 August 2023," wrote SOHO Management, in today's information disclosure.

However, the company will still seek approval from shareholders at a meeting to be held on October 19, 2023. If approved, the company's shares will be traded at the new nominal value on the cash market on November 15, 2023. (KR/LM)