Bank Jago, Owned By Jerry Ng Conglomerate Speaks Up About The Acquisition Of BFI Finance

Illustration. (Photo: Doc. Bank Jago)

JAKARTA - PT Bank Jago Tbk has finally opened its voice regarding the acquisition of BFI Finance. The bank coded ARTO shares said that until now they had no plans to take over the finance company (multi).

"The company is not aware of any material information or facts that can affect the value of company securities or investor investment decisions as stipulated in the Financial Services Authority Regulation number 31/POJK.04/2015 concerning Disclosure of Information or Material Facts by Issuers or Public Companies", said the Corporate Secretary. PT Bank Jago Tbk Tjit Siat Fun in the disclosure of information on the Indonesia Stock Exchange (IDX) website, quoted on Sunday, April 18.

Tjit Siat said there were no material information/facts/other important events that could affect the price of the company's securities that had not been disclosed to the public. Previously, BFI Finance clarified that the management did not have any information regarding the planned acquisition by the bank owned by Jerry Ng conglomerate.

"Until now, the company is not aware of any information regarding the acquisition plan as which mass media news excerpts are. The company has not been able to clarify the truth of the news", said the Director of BFI Finance Sudjono.

According to Sudjono, the BFI Finance management has no information related to other material facts that can affect share prices. Meanwhile, BFI Finance is indirectly affiliated with Northstar Pacific, which is controlled by Patrick Sugito Walujo, an investor of Bank Jago.