Acquisition Of Business Bank (BBSI), Kredivo Lahap Shares Of Sewing Thread Boss Sundjono Suriadi Rp551 Billion

Illustration. (Photo: Unsplash)

JAKARTA - PT Finaccel Teknologi Indonesia as the developer of online loan services (pinjol) Kredivo, is rumored to have acquired a 24 percent stake in PT Bank Bisnis Internasional Tbk.

The information came after Bank Bisnis provided an update on the company's share ownership to the Indonesia Stock Exchange (IDX).

In the announcement, Corporate Secretary of Bank Bisnis Paulus Tanujaya said PT Finaccel Teknologi entered into the company's body with a share ownership of more than 5 percent and status as not a controller.

"The status of share ownership is immediate," he said in an information disclosure, Monday, May 24.

It is also mentioned that kredivo's parent made a purchase of 726,367,057 shares of Bank Bisnis with a widening transaction value of Rp759. PT Finaccel Teknologi disbursed funds of not less than Rp551.3 billion to control 24 percent of Bank Bisnis shares.

"The transaction date is May 21, 2021," he said.

For information, Bank Bisnis is a financial services issuer that officially listed on the exchange on September 7, 2020 through an initial public offering (IPO) mechanism with the bbsi stock code.

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Prior to kredivo's entry, BBSI's shareholding consisted of PT Sun Land Investama 37.54 percent, PT Sun Antarnusa Investment 14.94 percent, Sundjono Suriadi 31.22 percent, and the public at 16.30 percent.

After this update, the composition changed to PT Sun Land Investama 19.76 percent, PT Sun Antarnusa Investment 14.94 percent, Sundjono Suriadi 25 percent, PT FinAccel Teknologi Indonesia 24 percent, and the community 16.30 percent.

From these changes it can be known that PT FinAccel Teknologi aka Kredivo annexed the ownership portion of PT Sun Land Investama and Sundjono Suriadi.

To know Sundjono Suriadi is a textile entrepreneur with the main product of sewing threads. While PT Sun Land Investama is also owned by Sundjono Suriadi with a full ownership share of 100 percent.