PT TIMAH: to conduct stock split in Q 108
* Investor Daily reported that management Timah
plans to conduct stock split in Q 108
* Management will propose stock split with ratio
1 (old) : 5 (new). The ratio is still tentative.
* At the same time, the company expects capex
in FY08 of Rp 1.3t. Part of capex will be used
to acquire a coal- mining company.
Capex will be financed by internal cash flow and
bank loan.
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