Duta Pertiwi bonus shares

JAKARTA (JP): PT Duta Pertiwi, a publicly-listed property developer, said yesterday that it will issue one bonus share for every four old shares.

The proposal of the bonus share issuance was approved by the company's shareholders at their annual meeting yesterday, together with a proposal on the distribution of dividends and the splitting of its stocks, the company said.

The company it said will pay dividends of Rp 98 per share (4.1 U.S. cents) and that the nominal price of the stocks will be halved to Rp 500 per share.

The company will capitalize its capital gains for the issuance of the bonus shares. (alo)