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Tuesday, June 21, 2011

Astra Otoparts: Stock Split Effective June 24

by Credit Suisse Securities

AUTO will launch its 1 old-to-5 new stock split on June 24, 2011.

Sales commentary: Auto is not well covered by the market due to its low free float of 4.3%. Auto is 95% owned by Astra International (ASII, N, PT Rp64,000), which produces OEM and replacement market auto spare parts in Indonesia . The stock split is aimed to increase liquidity of AUTO shares in the market.

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