Soho Global Health (SOHO) conducts a stock split of 1:10
JAKARTA - On Wednesday, November 15, the list of market hints was dominated by changes in the number of shares held by PT Soho Global Health Tbk (SOHO) investors as a result of SOHO's stock split. This herbal medicine manufacturing company performed a 1:10 stock split, increasing the number of shares circulating on the market to 12.69 billion shares. This corporate move is a continuation of the stock split plan in September, and it is intended to boost the purchasing power of investors, particularly retail investors.
Five international investors and one individual investor were among those who experienced an alteration in their share count. Three of the six SOHO investors on this list are from Australia, namely Tiberias 96 Pty Ltd, with a change in the number of shares of around 4.33 billion shares, followed by Cascade Creek Pty at 1.38 billion shares, and Fraburg Pty Limited at 1.08 billion shares. Furthermore, Medisia Investment Holdings Pte Ltd. reported share changes of 2.56 billion shares, followed by Prysselius Limited, which reported share shifts of 1.01 billion shares. Tan Giok Nio, an individual investor, then saw a share change of about 1.08 billion shares with 9.01% share ownership.
Furthermore, the share transfer was carried out by two investors in the telecommunications services company, PT Jasnita Telekomindo Tbk (JAST). PT Persada Inti Sejahtera transferred 7.60 million JAST shares to UOB Kay Hian Private Limited, a foreign investor. Persada Inti Sejahtera now owns 27.57% of the company, while UOB Kay Hian owns 24.90%.
The remaining two investors then sell their shares to close the market hint list. PT Monjess Investama sold 15 million shares of PT Mitra Komunikasi Nusantara Tbk (MKNT), leaving it with a 23.49% stake in the telecom product distributor. Lastly, GOTO Peopleverse Fund then released 10.17 million shares of PT GoTo Gojek Tokopedia Tbk (GOTO), a digital enterprise. (KD)
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