MOST EXPENSIVE STOCK SPLIT, PT DIAN SWASTATIKA SENTOSA TBK (DSSA), WILL CONDUCT A STOCK SPLIT AFTER BECOMING THE MOST EXPENSIVE STOCK ON THE BEI

PT Dian Swastatika Sentosa Tbk (DSSA), a coal issuer from the Sinarmas Group, announced a stock split plan with a ratio of 1:10. Corporate Secretary of DSSA, Susan Chandra, explained that the reason behind this move is the high share price, making it only affordable for a small portion of investors, thus making DSSA shares illiquid.

The number of shares will increase after the stock split. DSSA's share price, which is currently one of the most expensive on the Indonesia Stock Exchange (IDX), at IDR 128,000 per share, will drop to IDR 12,800 per share after the stock split.

With this move, DSSA aims to increase the accessibility of its shares to more investors and improve the trading liquidity of its shares on the stock exchange.