JAKARTA – PT Asuransi Jasa Tania Tbk (ASJT) plans to channel 90% of the funds from the rights issue to investment instruments, such as deposits and bonds.
Megang Kacaribu, the President Director of Asuransi Jasa Tania, announces that 50% of the funds would be placed in the deposit of commercial banks classified as BUKU 2, 3, and 4. Another 40% would be spent on corporate bonds with A ratings (AAA, AA, and A). “The remaining portion would be allotted to the information technology (IT) and human resources development,” Kacaribu adds in the information disclosure, quoted Friday (4/6).
The IT development involves establishing a core system, IT infrastructure in ASJT, and operational digitalisation in the company. The execution of this plan would take place until July 2022.
ASJT has expressed its intention to launch a rights issue on July 12-16, 2021, after gaining approval during the Extraordinary General Shareholder Meeting held on February 26, 2021. In this corporate action, the company aims to score IDR 100 billion fresh funds. This corporate action is also joined by the Plantation Pension Fund (lit. Dana Pensiun Perkebunan/Dapenbun) as the controller of 77.39% of ASJT’s shares. (LK/ZH)