Bank Maspion Owned The Conglomerate Alim Markus Wants Rights Issue To Target IDR3 Trillion Fund

Conglomerate Alim Markus. (Photo: Doc. Nusagates)

JAKARTA - PT Bank Maspion Indonesia Tbk plans to increase capital through a pre-emptive rights scheme (HMETD) or rights issue of as much as 2.28 billion shares. This has been approved at the Extraordinary General Meeting of Shareholders (EGMS) of BMAS-coded banks held on April 8, 2021, in Surabaya, East Java.

"The meeting approved the addition of the company's capital by issuing new shares from the portfolio in the amount of as much as 2,285,792,296 shares with a par value of IDR100 per share", said President Director of Bank Maspion, Herman Halim in a statement published on the Information Disclosure page of the Indonesia Stock Exchange (IDX), Tuesday, April 13.

The price of the rights issue has not been fixed by the bank owned by the conglomerate Alim Markus. However, if it refers to the movement of the average BMAS share price in the range of IDR1,300-1,300, then from this rights issue Bank Maspion is expected to receive funds of around IDR3 trillion.

The rights issue plan was responded to positively by investors. Because, in today's trading, BMAS shares moved up 320 points to a level of IDR1,610 per share after being transacted with a volume of 896 thousand shares with a frequency of 100 times.

The market cap value of Bank Maspion is currently recorded at IDR7.15 trillion. While the company's total assets reached IDR10.11 trillion with liabilities of IDR8.83 trillion and equity of IDR1.28 trillion.

Last year, Bank Maspion posted a net profit of IDR66.99 billion. Currently, Bank Maspion shares are still controlled by PT Alim Investindo with 62.01 percent ownership, PT Maspion at 12.46 percent, Kasikornbank Public Company 9.99 percent, PT Guna Investindo 5.87 percent.

Alim Markus, a conglomerate from Surabaya, is also listed as a narrower of Bank Maspion shares with a 1.22 percent ownership. The rest is held by Alum Mulia Sastra, Alim Prakasa, Alim Puspita, and Gunardi with a share of under 1 percent of the shares.