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

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…