OJK Confirms Japanese Investors Danamon Stock Lyrics

By : Herry Barus And Aldo Bella Putra | Saturday, November 11 2017 - 17:00 IWST

PT Bank Danamon Tbk (Foto Ist)
PT Bank Danamon Tbk (Foto Ist)

INDUSTRY.co.id - Jakarta - Chief Executive Officer of Banking Financial Services Authority (OJK) Heru Kristiyana confirmed that Japanese investors, in this case Bank of Tokyo-Mitsubishi UFJ (BTMU), are eyeing the shares of PT Bank Danamon Tbk.

"Indeed, Bank of Tokyo-Mitsubishi UFJ is eyeing Danamon's shares, of course, will be followed by the activities or requirements that will be delivered because the company is open, it will be related to the steps in the capital market," Heru said in Jakarta on Friday 10/11/2017)

He said the most important aspect of the acquisition plan is that corporate action can strengthen Danamon.

"It is expected that Danamon will grow more rapidly with a bigger new 'shareholder'," Heru said.

In addition, OJK will also ask investors to convey concretely about the link between business plan and its contribution to national economic development.

This is for example regarding the provision of special credit to infrastructure in Indonesia to support government programs.

"Do not let them come to give credit to Japan only, we hope they create a business plan that can really sustain the national economic growth," said Heru.

Currently, Danamon's share of ownership, according to the company's official website, is 67.37 percent owned by Asia Financial Indonesia Pte Ltd (AFI), 6.5 percent owned by JPMCB-Franklin Templeton Investment Funds, and 25.7 percent owned by the public.

Referring to Japanese media reports, Nikkei, Thursday (9/11), Bank of Tokyo-Mitsubishi UFJ is reportedly planning to buy about 40 percent of Bank Danamon's shares to expand the company's business in Southeast Asia. The transaction value is mentioned about 1.76 billion US dollars or equivalent to Rp23, 7 trillion (with the current exchange rate).

Previously, PT Bank Danamon Tbk has also confirmed there are investors who have been exploring to buy shares owned by a Singapore-based company that controls the bank, Asia Financial Indonesia Pte Ltd (AFI).

Director of Bank Danamon Michellina Triwardhany through his official statement quoted by Antara said AFI has received "expression of interest" related to share ownership in Danamon.

However, Michellina affirms AFI and investors are just going to negotiate so there has not been a binding result or agreement.

"The interest of these investors depends on the outcome of further negotiations which may not necessarily result in a binding agreement so that the transaction is not necessarily realized," she said.

News Comment

Today's Industry

TK Elevator’s Taiyuan Botanical Garden project in Shanxi, China

Senin, 06 Desember 2021 - 23:42 WIB

TK Elevator wins Elevator World ‘Project of the Year 2022’ award for moving walks

TK Elevator is pleased to once again receive Elevator World’s Project of the Year award. With its Taiyuan Botanical Garden project in Shanxi awarded “Project of the Year 2022” under the…

Announcing Strategic collaboration agreament between AWS and Metrodata

Rabu, 01 Desember 2021 - 19:38 WIB

Metrodata Collaborates with AWS to Help Indonesian Businesses Transform Using the Cloud

PT Metrodata Electronics Tbk (IDX: MTDL or "Metrodata"), an information and communication technology (ICT) company specializing in digital solutions and hardware and software distribution, announced…

Archipelago Hotel Group’s

Rabu, 01 Desember 2021 - 13:10 WIB

Archipelago International Selects Sabre To Open Up Its Distribution Strategy and Support Aggressive Global Growth Plans    

Sabre Corporation(NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a new, long-term strategic relationship with Archipelago International…

Synopsys Software Integrity Group (Images by BusinessNews Indonesia)

Rabu, 01 Desember 2021 - 12:49 WIB

Effective software security activities for managing supply chain risks

The most recent attacks (SolarWinds and Kaseya for supply chain, and Colonial Pipeline, NBA, and Kia Motors for ransomware) have been highly disruptive.

President Jokowi heads to East Java province, Tuesday (30/11). (Photo by: BPMI/Laily Rachev)

Selasa, 30 November 2021 - 22:45 WIB

President Jokowi to Inaugurate Dams during E. Java Working Visit

President Joko “Jokowi” Widodo Tuesday (30/11) morning left for East Java province for a working visit.