Jakarta - PT Berkah Beton Sadaya Tbk (BEBS) plans to conduct a stock split with a ratio of 1:5.

"Thus, the nominal value before and after the stock split is from Rp50 to Rp10," said BEBS President Director Hasan Muldhani in information disclosure on Wednesday (10/19).

He continued that the number of shares before and after also changed to 45 billion shares from 9 billion.

"We have also obtained principle approval for the plan based on the letter from the Indonesia Stock Exchange dated October 10, 2022," he added.

The stock split will be held on December 16, 2022, and the GMS will be held on November 24, 2022.

He considered that the stock split plan would make the company's shares on the stock market more affordable for investors, especially retail investors, as well as increase stock trading liquidity on the stock exchange.