JAKARTA, NETRALNEWS.COM - State-owned banking company Bank Mandiri (BMRI.JK) plans on conducting stock split to encourage more liquid transactions in the capital market.
Sulaiman Arianto, Vice President Director of Bank Mandiri, said the company is considering on conducting stock split with split ratio of 1:2 or 1:3.
"It is being done, but we can not say when," he said on Tuesday (8/8/2017).
With the stock split, Bank Mandiri hopes its stock price to become more affordable for retail investors and small investors.
At the lunch break first session closing, Bank Mandiri’s stock price touched IDR13,200 per share.
"Hopefully the stock split will generate more liquidity, and attract more retail and small investors. We are very impressed that many investors are still holding on to initial public offering (IPO) shares,” Sulaiman added.