Intiland plans 2-for-1 stock split in July

JAKARTA - Indonesian property firm PT Intiland Development DIDL.JK plans a 2-for-1 stock split by the end of July, the firm said in a statement on Monday, in an effort to boost liquidity.

Shares in Intiland traded 2.8 percent lower at 1,040 rupiah by 0852 GMT, underperforming an index .JKSE down 0.7 percent.

The firm expects revenue in the first half of 2010 to have doubled from 176 billion rupiah in the same period last year, Kontan newspaper reported on Monday, quoting Intiland's director Archied Noto Pradono.

($1 = 9,032 rupiah)