Dynaplast to split stocks

JAKARTA (JP): Packaging and plastic sheet firm PT Dynaplast plans to split its stocks and issue bonus shares.

The company said yesterday the share split and bonus share plans would be proposed at the company's extraordinary shareholderr meeting on April 17.

The share split will reduce the share's nominal value from Rp 1,000 to Rp 500, halving the share price.

If the stock split is approved, the number of shares will increase from 130 million to 300 million. (09)