Sinarmas Tech Unit Sets 1-for-25 Stock Split Following Landmark Fiber Merger

JAKARTA, Investortrust.id — PT Dian Swastatika Sentosa Tbk (DSSA) is moving to make its high-flying shares more accessible to the masses. The Sinarmas Group-backed powerhouse confirmed Thursday that it will execute a 1-for-25 stock split, a move designed to shatter the high price barrier that has kept retail investors at bay.

The stock split, which received the green light from the Indonesia Stock Exchange (BEI) on April 2, 2026, will see the nominal value of DSSA shares drop to a mere Rp1 ($0.00006) per share. According to a company filing, the total number of issued and paid-up shares will balloon from 7.70 billion to approximately 192.63 billion once the new shares begin trading on April 9.

The significance of this corporate maneuver lies in the timing of Jakarta's broader telecommunications consolidation. By splitting its stock just as its subsidiary, MyRepublic, merges with backbone giant Moratelindo (MORA), DSSA is positioning itself as a more liquid vehicle for investors wanting exposure to Indonesia’s digital infrastructure. As the archipelago seeks to bridge its vast "digital divide," the merger creates a vertically integrated titan capable of controlling everything from the deep-sea fiber cables to the high-speed router in a suburban living room. For DSSA, the split isn't just about price—it's about broadening its shareholder base ahead of a major infrastructure rollout.

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A Play for Retail Liquidity

DSSA management noted on Thursday that the current share price—among the highest on the Indonesian bourse—has made a single "lot" (100 shares) unaffordable for most individual investors. "The stock split is expected to increase the number of outstanding shares and make the price more affordable for various groups of investors," the management stated in its official announcement.

The company hopes the move will not only boost trading volume and liquidity but also create a more positive market perception as it scales its operations. The final day of trading with the old nominal value is set for April 8, 2026.

The Moratelindo-MyRepublic Merger

The stock split serves as a financial coda to a major structural shift within the Sinarmas ecosystem. On March 27, shareholders of PT Mora Telematika Indonesia Tbk (MORA) officially approved a merger with DSSA’s MyRepublic Indonesia (operating as PT Eka Mas Republik).

The "Legal Day One" for the combined entity is scheduled for April 22, 2026. The merger aims to create a powerhouse with unrivaled operational synergy. Moratelindo brings its massive 57,000 km (35,400 miles) fiber optic backbone and six data centers to the table. MyRepublic contributes a retail juggernaut that serves 1.52 million customers with 8.7 million "homepasses"—the industry term for the number of households a fiber provider can potentially reach.

"This is a strategic step to create both financial and operational synergies," Moratelindo’s management said on March 27. By integrating the "backbone" (the long-distance data highways) with the "last mile" (the connection to the home), the new entity expects to significantly reduce capital expenditure and speed up the deployment of Indonesia's digital ecosystem.