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He also pushed through decimalization, so that stocks will be quoted in dollars and cents rather than fractions, and required companies to issue shareholder reports in plain English.
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Under the rights issue shareholders could buy one new share at 185p for every four they already own.
Under the rights issue, shareholders of Astra would get 7 new shares for every 13 they hold, and pay 1,000 rupiah a share for them -- a steep discount of more than 60percentt from the stock's closing price on Tuesday.
Among the companies that have announced plans to spin off subsidiaries in the months ahead is National Data Corp., a provider of health information services, which wants to issue shareholders a separate stake in its e-commerce unit, Global Payments.
Apple issued shareholder dividends earlier in its history, stopping in December 1995.
It can be a proof point that you're tuned in not only to the business's big issues but shareholder issues.
C1 Investors Target Green Issues Shareholders, spurred on by environmental and religious groups, have filed global warming resolutions with more than two dozen industrial companies this year.
The group, which issued shareholders with a snapshot of its performance to date on Friday, said it is also on track to increase full-year profits for the first time in around eight years.
To receive new issues, shareholders had to hand in their old stock certificates.
McDonald's Chief Executive Jim Cantalupo Jim Cantalupo assured investors management was firm in the saddle when it comes to 'mad cow' disease, filthy restrooms and other issues shareholders raised.
"On ethical issues and shareholder governance issues, most of these are going to be just as bad as PetroChina".
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