Conglomerate Anthony Salim And Bukalapak Become Strategic Investors Of Chairul Tanjung's Allo Bank That Wants To Rights Issue Rp4.8 Trillion

Conglomerate Chairul Tanjung. (Photo: Doc. Forbes)

JAKARTA - PT Bukalapak.com Tbk (BUKA) and the Salim Group will become shareholders of the digital bank issuer owned by conglomerate Chairul Tanjung, PT Allo Bank Indonesia Tbk (BBHI). Bukalapak and the company owned by conglomerate Anthony Salim entered BBHI's shares through a capital increase scheme by issuing Pre-emptive Rights (HMETD) or rights issue.

In BBHI's brief prospectus, quoted on Tuesday, January 4, Bukalapak will hold 2,497,816,903 shares or 11.49 percent of Allo Bank's total shares after the rights issue.

The Salim Group, through PT Indolife Investama Perkasa, will own 1,303,815,386 shares or equivalent to 6.00 percent of BBHI's total shares. This is with the assumption that all shareholders and strategic investors who get the transfer of Rights from the Main Shareholder, namely PT Mega Corpora, exercise their rights to buy new shares.

Mega Corpora is controlling Allo Bank with 90 percent ownership. They have stated that they will only take part and exercise part of the Preemptive Rights to which they are entitled, amounting to 2,712,777,020 Rights or about 30 percent of the entire Preemptive Rights.

Mega Corpora also stated that it has sufficient funds to carry out the Pre-emptive Rights which will be taken up by the MC with a total fund of Rp1,300,839,337,970 (Rp1.3 trillion).

Then, Mega Corpora in order to fulfill the obligation to dilute its ownership as regulated in Article 21 of the Financial Services Authority Regulation No.9/POJK.04/2018 concerning the Takeover of a Public Company when the MC becomes the controller of the Company, will transfer a portion of the Preemptive Rights which are its rights that are not implemented. to: PT Bukalapak.com Tbk (BUKA), Abadi Investments Pte. Ltd., PT Indolife Investama Perkasa, H Holdings Inc., Trusty Cars Pte. Ltd, and PT CT Corpora.

Previously, Allo Bank had decided the price for the rights issue was Rp478 per share. Based on the prospectus published by the company, in the rights issue, BBHI will offer a maximum of 10,047,322,871 (10.04 billion) shares, equivalent to 46.24 percent of the company's paid-up capital.

Thus, Allo Bank has the potential to obtain rights issue funds of Rp4.80 trillion. It is planned that the funds obtained from this corporate action will be used by the company to strengthen the company's capital structure in order to increase the Company's Core Capital to become KBMI which is included in the KBMI 2 group as referred to in POJK 12/2021.

Furthermore, the funds will be used for the company's business development, including developing business activities in the field of credit with technological innovation or known as digital banking.

For information, according to the latest Forbes data, as of December 2021, Chairul Tanjung is ranked the 6th richest person in the country with a wealth of US$5.5 billion, equivalent to Rp78 trillion. Meanwhile, Anthony Salim is the third richest person in Indonesia with an estimated assets of 8.5 billion US dollars or Rp121 trillion.