PT Satria Antaran Prima Tbk (SAPX) has decided to cancel the stock split plan.
"This was done after further discussions by the company's internal and also with the competent authorities," said SAPX President Director Budiyanto Darmastono in the IDX information disclosure, Thursday (24/6).

He explained that the company's share price is now ideal enough from the discussion so that no stock split is needed.

"The current stock price for SAPX is quite ideal, so the company canceled the stock split plan," he explained.

Previously, this stock split plan had obtained shareholders' approval at the EGM held on March 25, 2021.

As for the opening of trading this Thursday (24/6), SAPX's share price was at the level of Rp1,085.