JAKARTA – The share price of PT Hillcon Tbk (HILL) declined during the early trading session on Monday (10/3) following the official announcement of the company’s stock split plan.

As of the morning observation, HILL’s shares fell by 2.43%, or IDR 50, to IDR 2,010 at 10.10 AM WIB. The stock opened at IDR 2,060, with a high of IDR 2,080 and a low of IDR 2,000 per share.

According to an official statement released on Monday (10/3), Hersan Qiu, President Director of HILL, announced the stock split plan on the Indonesia Stock Exchange (IDX) website.

“The stock split plan was the result of a decision made during last week’s Annual General Meeting of Shareholders (AGMS) on March 3,” he stated.

The stock split will be carried out at a 1:5 ratio, where one old share with a nominal value of IDR 100 will be split into five new shares with a nominal value of IDR 20 per share. After this corporate action, the number of shares will increase to 14.74 billion from the previous 2.94 billion shares.

Last week (7/3), HILL’s shares dropped by IDR 10 to IDR 2,060 per share. The transaction volume was 5.90 million in 775 trades, valued at IDR 12.15 billion. Over the past week and month, HILL’s shares have declined by 3.81%, or IDR 80. (LK/ZH)