JAKARTA: PT Panca Global Securities Tbk is planning to distribute dividend as much as IDR4 per stock, smaller than last year at IDR8 per stock.
"In total, the dividend will be IDR2.83 billion and will be distributed to shareholders on June 20," said President Director Hendra H. Kustardjo.
The smaller dividend is to maintain company’s cash, he continued, following tightening on securities underwriting business as set at adjusted net working capital policies for securities.
The PEGE-coded company is also planning to purchase information technology system to improve its online trading which had been halted after it was launched last year.
The company claimed to pocket one underwriting contract from one property-related company. (T05/TW)