Jakarta - PT MNC Digital Entertainment Tbk (MSIN) plans to do a 1:20 stock split.

"This is driven by high retail investor interest, as evidenced by the recent spike in stock prices as a result of the consolidation of MNC Media's digital assets into MSIN," said MSIN Corporate Secretary Ahmad Alhafiz in a press release issued on Tuesday (6/28).

In addition, MSIN's share price closed at Rp4,990 on June 24, 2022. As a result, management believes that a 1:20 stock split is appropriate to increase stock liquidity, support capital market growth, and lower entry barriers, making it more appealing to public investors to have the opportunity to participate in the development of one of the most extensive and integrated digital content and entertainment groups in Southeast Asia.

"The stock split plan will be implemented under the provisions of the articles of association of MSIN with the approval of the shareholders. It is subject to the prev