JAKARTA. PT Primadaya Plastisindo Tbk (PPDP), a plastic packaging manufacturer, sets up bonus shares distribution worth IDR 46.87 billion.

Kennie Angesty, President Director of PDPP, said that said plan is in line with the decision made during General Meeting of Shareholders on November 16, 2023. In said meeting, shareholders approved the plan of distributing IDR 46.87 billion worth of bonus shares.

The face value used as a base of bonus shares’ capitalisation is IDR 100. The ratio is set to 16:3.

The bonus shares will be channelled to PDPP’s shareholders who have been registered officially by the recording date on November 28, 2023. The bonus shares will be disbursed on December 20, 2023.

According to IDNFinancials data, PDPP recorde total assets worth IDR 493.34 billion. Its total equity is recorded at IDR 363.92 billion. (KR/ZH)