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1. Telekomunikasi Indonesia (Telkom), Indonesia's largest telecommunication company, conducted a 1:5 stock split to increase share liquidity and appeal to more investors with a lower price.
2. The stock split was approved in April 2013 and increased Telkom's shares from 12.8% growth this year, outperforming Indonesia's stock market index which fell 5.57% amid global market turmoil.
3. Telkom is a majority state-owned company and Indonesia's largest by market capitalization, operating businesses in telecommunication, multimedia, property and finance through its Telkom Group.
1. Telekomunikasi Indonesia (Telkom), Indonesia's largest telecommunication company, conducted a 1:5 stock split to increase share liquidity and appeal to more investors with a lower price. …