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

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…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…