Jembo Cable (JECC) stock split 1:5, and two investors' share volume increased significantly
24 Jun 2024 17:35
On Wednesday, June 19, two large investors in PT Jembo Cable Company Tbk (JECC) saw a significant increase in their shares. This was the outcome of a 1:5 stock split carried out by this electrical and communications cable manufacturer. First, an investor named PT Monaspermata Persada gained 285.94 million more shares, bringing the total to 357.42 million, though its ownership remained at 47.28%. In addition, PT Indolife Pensiontama's total shares increased from 26.57 million to 132.89 million, accounting for 17.58% of the stake.
