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

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.