PT Indosiar Karya Media Tbk, a listed company with stock code of IDKM,
plans to conduct stock split. Such action is announced through public disclosure to Indonesia Stock
Exchange, today (7/18/2012).
The shareholders meeting is expected to be held in August-September
this year.The stock split is intended to make the IDKM-coded stock more
affordable for retail investors so that public investors can better
enjoy its performance and also to boost liquidity of the company’s
stock.
Indosiar Karya Media, which is recently joining into a business group
owned by Sariaatmadja family, proposed stock split ratio of 1:5.
The company subsidiaries include Indosiar television station (PT
Indosiar Visual Mandiri), Elshinta TV (PT Elshinta Televisi), Radio
Elshinta FM (PT Radio Elshinta), several newspapers, online websites,
and production houses.
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