The Jakarta Post reported that state owned coal miner PT Tambang Batubara Bukit Asam is studying a plan to split existing shares without any dilution in ownership.

Hananto Budi Laksono, Bukit Tambang’s corporate secretar in a statement submitted to the Indonesia Stock Exchange said that “We are still assessing the plan to do a stock split.”

Stock splits usually occur when a company’s share price has become too expensive for many investors.

Market capitalization and ownership will remain the same, but the prices and the number of shares owned will change.

(Sourced from The Jakarta Post)