Rukun Raharja (RAJA) Plans Stock Split with 1:5 Ratio
PT Rukun Raharja Tbk (RAJA) plans to undertake a corporate action in the form of a stock split with a 1:5 ratio. This means that in this action, each old share will be split into five new shares.
Quoting the disclosure of information from the Indonesia Stock Exchange (BEI), the company’s share nominal value will also change from Rp25 per share to Rp5 per share. With the implementation of the stock split, the number of placed and fully paid shares will increase from 4,227,082,500 shares to 21,135,412,500 shares.
RAJA’s management states that this corporate action is carried out by considering common practices in the capital market and to improve the quality of the company’s share trading on the Indonesia Stock Exchange.
“The stock split is also carried out considering that the company’s share price is currently at a relatively high level, namely Rp4,170 per share (based on the closing price as of 12 May 2026), which results in the minimum investment value for one lot of the company’s shares becoming less affordable for some investors,” management wrote on Wednesday (13/5).
The purposes and benefits of the stock split include increasing the liquidity of share trading and adding to the number of shares outstanding. Following the implementation of the stock split, it is expected to increase the frequency and volume of share transactions, thereby improving the liquidity of the company’s share trading on the Indonesia Stock Exchange.
Furthermore, it aims to increase the affordability of share prices for investors. The stock split will result in a decrease in the nominal price per share, making the company’s shares more affordable, especially for retail investors, without reducing the market capitalisation.
It also seeks to expand the company’s shareholder base. With more affordable share prices, an increase in investor participation is expected, thereby widening and diversifying the number of shareholders.
In addition, it supports the creation of more orderly, fair, and efficient share trading. The increase in liquidity and investor participation is expected to support the creation of a share trading mechanism that reflects more orderly, fair, and efficient market conditions in accordance with applicable capital market regulations.
Moreover, it provides added value for shareholders. In the long term, the increase in liquidity and investor base is expected to have a positive impact on market perception and support the enhancement of the company’s value for all shareholders.
Management emphasises that the implementation of the stock split will not have a negative impact on the company’s financial condition.
Next, the company will seek shareholder approval through an Extraordinary General Meeting of Shareholders (EGMS) scheduled for 23 June 2026 at the Shangri-La Hotel.
Based on the schedule prepared by the company, the last trading day for shares with the old nominal value on the regular and negotiated markets will take place on 13 July 2026. Meanwhile, the recording date for entitled shareholders to receive the stock split shares is scheduled for 15 July 2026.
The company targets the distribution of shares with the new nominal value to be carried out on 16 July 2026. On the same date, RAJA shares with the new nominal value will also begin trading on the regular, negotiated, and cash markets.