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Increase The Liquidity of The Shares of The PPRO Will Do a 1:4 Stock Split

PT PP Property Tbk. was planning on breaking down the value of the shares or stock split in order to increase the liquidity of the shares of the company.

Indaryanto, financial Director of PP Properties, said the resolution ratio of shares will be effected by the company up to 1:4. He called the company’s share price rise, currently rated too high so that the company’s stock price looks expensive.

“Our Stock already in Rp 1,300. We stock split so that the price looks cheap and stock would be more liquid,” he explained

Since the beginning of the year, the stock price PPRO indeed sped 621.91% to as low as Rp 1,250. In fact, the stocks never reached the level of Rp PPRO 1.465. Due to the spike in the share price, the market capitalization of any compelled be Rp18,04 trillion. Whereas, PP new property enters the market of shares on the Indonesia stock exchange in may 2015.

Market capitalisation is now overtaking PPRO PT Lippo Karawaci Tbk. was recorded Rp16,84 trillion. As a result, PPRO perched on third position property with a market capitalization of issuers most after PT Bumi Serpong Damai Tbk. (Rp33,48 trillion), PT Ciputra Development Tbk (Rp20,74 trillion), and PT Summarecon Agung Tbk. (Rp20,19 trillion).

Indaryanto said the company would hold a general meeting of shareholders (EGM) outstanding on 27 Jan 2017 to ask approval from shareholders for the stock split.

After the stock split was performed, PPRO will issue new shares through a scheme of rights order effect advance or HMETD in March 2017. Additional funds pursued PPRO Rp1,5 trillion of the corporate actions…(Red).

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