DCI Indonesia (DCII) Plans Stock Split as Share Price Soars to Record High

Indonesian tech giant PT DCI Indonesia Tbk (DCII), founded by Otto Toto Sugiri, often referred to as "Indonesia’s Bill Gates," is preparing for a stock split in the near future.

According to an official disclosure, DCII’s Corporate Secretary, Gregorius Nicholas Suharsono, confirmed that preparations are underway, and the company has submitted an approval request to the Indonesia Stock Exchange (IDX).

“As previously communicated, we have submitted a request for principal approval regarding the stock split on February 19, 2025,” Gregorius stated in a disclosure responding to the IDX inquiry, as quoted on Tuesday (February 25, 2025).

Stock Split Expected Within the Next Three Months

Gregorius further explained that the stock split is planned to take place within the next three months. However, he emphasized that DCII’s controlling and major shareholders have no intention of altering their ownership stakes.

This clarification comes after DCII’s stock price surged significantly, prompting IDX’s inquiry. On Friday (February 21, 2025), DCII shares closed at Rp 80,650 per share, marking a 72.51% gain in just one week. The stock is now the most expensive on the IDX.

Flagged by IDX for Unusual Market Activity

Due to the unusual stock price increase (Unusual Market Activity/UMA), DCII shares were placed under IDX monitoring last Friday.

A day earlier, on Thursday (February 20, 2025), DCII shares hit the upper auto rejection limit (ARA), a move speculated to be driven by anticipation of the planned stock split.

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