Jakarta - PT Bayan Resources Tbk (BYAN) plans to conduct a stock split with a ratio of 1:10.

"The number of shares of the company before the stock split was 3.33 billion with a nominal value of Rp100 per share, to 33.33 billion shares with a nominal value of Rp10 per share," said BYAN President Director Low Tuck Kwong in information disclosure in Jakarta on Wednesday (10/12).

According to him, the consideration for the stock split is that the company's share trading transactions from the beginning of the year until September 20, 2022, have a trading frequency of 24,543 times with a volume of 216.42 million shares and a value of Rp1.99 trillion.

"Based on this condition, the company plans to increase the liquidity of the company's shares by increasing the number of outstanding shares through a stock split," he explained.

Furthermore, the existence of this plan can increase the liquidity of the company's stock tra