"Bank KB Bukopin Immediately Runs The Rights Issue Plan," Appointed Dua, Emission Guarantee

Photo: Doc. KB Bukopin

JAKARTA - The seriousness of the giant financial institution from Korea, KB Financial Group (KBFG) through KB Kookmin Bank to continue to strengthen its commitment to PT Bank KB Bukopin, Tbk (KB Bukopin) with additional capital, has been immediately followed up with the appointment of Mirae Asset Sekuritas and KB Valbury Sekuritas as underwriters for the emission of rights issue.

As an emission guarantor, Mirae Asset Sekuritas and KB Valbury Sekuritas will act as advisors (advisors) and selling agents (selling agents) for the implementation of the rights issue.

"The fast movement while still applying the precautionary principle carried out in the implementation of the stages of the planned additional capital shows the seriousness of the KB Financial Group," said Deputy President Director of KB Bukopin, Robby Mondong, in a written statement, Wednesday, December 21.

The additional capital will be carried out through a Limited Public Offering (PUT VII) with the Pre-emptive Rights (HMETD) scheme or rights issue, and has received approval from Shareholders at the Extraordinary General Meeting of Shareholders (EGMS) on November 30, 2022, at the Head Office of KB Bukopin.

The plan is that KB Bukopin will issue a total of 120 billion new series B shares, depending on the needs of Bukopin's family funds and the price of the implementation. Additional capital from the rights issue to be implemented in early 2023 will be used to encourage business growth and increase KB Bukopin's contribution to national economic growth.

Furthermore, the seriousness of KB Financial Group through KB Kookmin Bank to develop KB Bukopin is supported by its enormous financial capacity, with total assets reaching 560.1 billion US dollars.

In addition, KB Financial Group has a customer base that reaches 70 percent of Korea's population, as well as the highest credit rating among Korean banks, and is known as the most profitable, solid, and stable financial business entity.