Cheap Stocks Management Approved

Shareholders Tbk PT Japfa Comfeed (JAPFA) approved the management plan to break par value shares (stock split) shares with a ratio of 1:5. Penny stoks to watch With the split, the company hopes more investors are able to enjoy the fruits of the company's work. "JAPFA stock price more affordable, but are also expected to trade its shares on the Indonesia Stock Exchange (IDX) more liquid," said Finance Director JAPFA in the General Meeting Extraordinary Shareholders (EGM) held at the JW Marriot Hotel, Jakarta, Wednesday (20 / 3/2013).

As is known, the current stock JAPFA consists of two series, Series A with a nominal value of Rp 1,000 per share and B share with a nominal value of Rp 200 per share. With a ratio of 1:5 stock split, then after solving each holder of one share of Series A long with nominal value of Rp 1,000 per share will receive five new Series A shares of nominal value of Rp 200 per share.