Bank Bukopin Wins Rp1.46 Trillion from Rights Issue

By : Wiyanto Dan Aldo Bella Putra | Friday, July 27 2018 - 16:00 IWST

Bank Bukopin (Foto Dok Industry.co.id)
Bank Bukopin (Foto Dok Industry.co.id)

INDUSTRY.co.id - Jakarta Bank Bukopin raised Rp 1.46 trillion from the Rights Issue IV (rights issue) process conducted until July 27, 2018.

Limited Public Offering IV (PUT IV) is a corporate action carried out by Bank Bukopin in order to increase the Company's capital.

With the additional capital, the Company's current capital adequacy ratio increased to 13.5%. The rights issue plan of Bank Bukopin previously received an effective statement from OJK on June 29, 2018. Pre-emptive rights trading transaction (HMETD) was conducted on 13 July - July 25, 2018.

After the HMETD trading process, KB Kookmin Bank as Standby Buyer purchased Bank Bukopin shares of 2,563,000,000 shares at Rp570 per share. Payment of the transaction has been made on July 27. Bank Bukopin's share price on the market at the closing of the transaction on July 26 reached Rp404 per share.

After the rights issue process, the composition of shareholders of Bank Bukopin became Bosowa Corporindo (23.4%), KB Kookmin Bank (22.0%), Bulog All Indonesia Cooperative (KOPELINDO) (12.4%), RI (8.9 %), and Public (33.3%).

President Director of PT Bank Bukopin Tbk Eko Rachmansyah Gindo revealed the inclusion of KB Kookmin Bank as a buyer of Bukopin Bank shares at a premium price indicating the high confidence of international market participants on the business prospects of Bank Bukopin.

We are grateful that the rights issue process has been realized as planned. After obtaining additional capital from the rights issue process, in the second semester, Bank Bukopin can focus on spurring growth and performance, he said in Jakarta, Friday (7/27/2018).

Bank Bukopin has prepared a number of strategic programs to spur growth performance, among others by spurring the growth of quality asset, the development of fee based income, operational efficiency, improving the structure of Third Party Funds and preparing future business through start-up business and fintech alliance and reach new customers from millennial generation.

In the future, Eko explained that Bank Bukopin will still focus on the Retail and Consumer segments.

News Comment

Today's Industry

Regina Karya Mahasiswi President University

Jumat, 03 Juli 2020 - 17:55 WIB

How Covid19 Affect E-Commerce

The Coronavirus has created the urgency to stay at home and work from home in this New Normal era. In the U.S, there are more than 306 million Americans who are staying at home during a pandemic.…

Joses Immanuel Souhoka - Mahasiswa President University

Jumat, 03 Juli 2020 - 16:40 WIB

The Concept of Positive Thinking: Hope The Rise of Tourism Industry from the COVID-19 Pandemic

The Covid-19 virus case is a case that has a huge impact on the world, especially the country in the Asian region such as Indonesia. The impact is very having an impact on the industry in Indonesia.…

John Baker - Security Engineering Manager and Bug Bounty Advisor for HackerOne

Kamis, 02 Juli 2020 - 17:45 WIB

Why The Future of DevOps Needs Hackers?

In my days as a Quality Assurance (QA) Engineer testing hospitality software, functional testing was seen as the last step before deployment and release. Any major defects found in the QA cycle…

Jonathan Knudsen - Senior Security Strategist, Synopsys Software Integrity Group

Kamis, 02 Juli 2020 - 17:10 WIB

That’s Not How it Works: All Development Should be Secure Development

Secure development is more important today than ever before. A vast number of cyberattacks have placed security in the spotlight, with many organisations adopting safer practices to ensure that…

Ilustration Cyber Security (Photo by Cyber Security—Advancing through AI - IEEE Innovation at Work)

Rabu, 01 Juli 2020 - 10:35 WIB

As Organisations Get Back to Business, Cyber Criminals Look for New Angles to Exploit

As businesses re-open, Covid-19 continues to pose a threat so organisations are implemented testing programs and enforcing new workplace rules to prevent new infections. To prepare employees…