CLSA Animal feed Charoen Pokphand (CPIN IJ), stock split plan? To pay off debts

Management continues to release snippets of positive newsflow. Following recent indications of (small) share-buy-back plans, it now said it is thinking of a stock-split and accelerated debt repayments. CPIN to pay off US$50mn debts. As the company has thick cash in the pocket, it is willing to pay off all the debts though they are not matured yet. Besides debt repayment, CPIN has prepared Rp50bn to buy back it shares and plans to do stock split at the mid of Dec.