Preparing To Become A Digital Bank, Bank Ina Perdana Owned By Conglomerate Anthony Salim Rights Issues 282.71 Million Shares To Raise IDR 1.24 Trillion

Illustration. (Photo: Doc. Bank Ina Perdana)

JAKARTA - PT Bank Ina Perdana Tbk (BINA) is reportedly preparing developments to strengthen the company's digital system and infrastructure. To seek funding, this banking company owned by conglomerate Anthony Salim conducted a rights issue through a limited public offering (PUT) III which is currently underway.

In Bank Ina's disclosure of information on the Indonesia Stock Exchange (IDX) website, quoted on Thursday, September 30, it is planned that digital development will be carried out through digital applications. With this application, customers will be able to open accounts, store funds and apply for loans independently, and transact digitally.

"As a first step, the bank will start preparations to strengthen the system, infrastructure and security in order to provide reliable and safe digital banking for all customers," wrote the management of Bank Ina Perdana.

Previously, Bank Ina Perdana targeted to obtain funds of Rp1.24 trillion in this rights issue. It is estimated that the effective date from the Financial Services Authority (OJK) will be obtained at the end of October 2021.

In this rights issue, Bank Ina plans to issue a maximum of 282.71 million new shares. Based on the prospectus published by Bank Ina, the number of shares issued in the Limited Public Offering (PUT) III is 4.76 percent of the total issued and paid-up shares of the company.

The par value of the rights issue is Rp100 per share with an exercise price ranging from Rp4,200 - 4,380 per share. In this corporate action, PT Indolife Pensiontama, the controlling shareholder will act as a standby buyer who will absorb the remaining shares that are not absorbed by other shareholders.

The rights issue plan has been approved by shareholders at the Extraordinary General Meeting of Shareholders (EGMS) of Bank Ina Perdana for the 2020 financial year.