JAKARTA. PT MNC Digital Entertainment Tbk (MSIN) has secured approval from Extraordinary General Meeting of Shareholders to initiate a stock split with a ratio of 1:5.

During the EGMS held on September 23, 2024, it is said that the decision was made as MSIN’s sustainable effort to boost stock liquidity and accessibility for a wider scope of investors. The stock split will take effect on October 7, 2024.

“This stock split aims to increase transaction flexibility and MSIN’s stock accessibility, thus allowing more investors to participate in the company’s growth,” said the management of MSIN in the official statement.

It is worth mentioning that this corporate action will not affect total portion value of MSIN’s shares. Furthermore, it will also not change shareholders’ percentage and total capitalisation of MSIN.

According to IDNFinancials data, MSIN’s stock price yesterday (23/9) was closed at IDR 7,100 per share. Since the beginning of this year, the stock price has increased 4,100 points of 136.67% to IDR 7,100 per share. (KR/ZH)