PTTUN dismissed Bosowa Corporindo’s appeal
JAKARTA – The High Court of State Administration (lit. Pengadilan Tinggi Tata Usaha Negara/PTTUN) rejected the appeal filed by PT Bosowa Corporindo (BC) against the Resolution of Commissary Board of the Financial Services Authority (lit. Keputusan Dewan Komisioner Otoritas Jasa Keuangan/KDK OJK). The decision referred to the reassessment of Bosowa Corporindo as the shares controlled of PT Bank KB Bukopin Tbk (BBKP). By rejecting the appeal, KB Kookmin Bank is still declared as the controller of BBKP.
Rivan Purwantono, the President Director of PT Bank KB Bukopin Tbk (BBKP), stated that KDK OJK is still effective following the appeal rejection. “After the inkracht court decision, come the agreement and the collaboration between the shareholders that would be more solid. It would further affect the trust of the users and the public,” Purwantono claimed in a press conference, quoted Wednesday (2/6).
According to Purwantono, this court decision was received yesterday (1/6), while PTTUN issued the notification letter last week (24/5). The court ruling would further solidify BBKP’s action plan, which would be discussed in the Annual General Shareholders Meeting on June 17, 2021.
As of April 2021, BBKP’s ownership structure was made of KB Kookmin Bank 67%, Bosowa Corporindo 9,7%, the state (PT Perusahaan Pengelola Aset Negara) 3,19%, and the public 20,12%. (LK/ZH)