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Bank Mandiri to split stocks this month
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A teller of state-owned lender Bank Mandiri serves a customer at a branch in Central Jakarta. (JP/Dhoni Setiawan)
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tate-owned lender Bank Mandiri is planning to conduct a stock split measure in an attempt to increase the liquidity of its stock trading.
Bank Mandiri vice president director Sulaiman Arif Arianto said the bank planned to split the stocks with a ratio of either 1:2 or 1:3.
“We hope that the stock split will make our stocks more liquid so that more retail investors can buy our shares,” he told reporters at the Indonesia Stock Exchange (IDX) building in Jakarta on Tuesday.
Read also: Mandiri racks brain to expand businessDuring the early trading session on Tuesday, Bank Mandiri’s shares – traded under the code BMRI – closed at Rp 13,200 per share.
“The stock split will be announced during the extraordinary general shareholders’ meeting on Aug. 21,” corporate secretary Rohan Hafas said. (bbn)
