Bukopin, The Bank Owned By Kookmin And Bosowa Wants A Rights Issue Of 35.21 Billion Shares

Illustration. (Photo: Doc. Between)

JAKARTA - PT Bank KB Bukopin Tbk will take corporate action in the near future. This BBKP stock-coded bank will increase capital through the mechanism of rights issue or issuance of shares with the right to pre-order securities (HMETD).

Quoted from the disclosure of information on the Indonesia Stock Exchange (IDX) page, Tuesday, May 11, Bank Bukopin will offer as many as 35,214,288,984 series B shares with a par value of Rp100 per share in the framework of a rights issue which is a limited public offering (PUT) VI of the company.

The rights issue proceeds will be used to strengthen the capital structure and support the business development of Bank Bukopin. The implementation of this corporate action will be held no later than 12 months from the date of approval of the General Meeting of Shareholders (GMS) and obtain an effective statement from the Financial Services Authority (OJK).

Bank Bukopin will hold annual shareholders meeting (AGMS) on June 17, 2021. The addition of put VI capital will strengthen the capital structure of Bank KB Bukopin in order to meet minimum capital fulfillment regulations and support business development in accordance with the BBKP strategy, so that in the long term it is expected to increase investment returns for the company's shareholders.

For information, as of April 30, 2021, the composition of Bank Bukopin's shareholding consists of Kookmin Bank 67 percent, Bosowa Corporindo 9.7 percent, The State of Indonesia 3.17 percent, and the rest public.