GSMF - PT. Equity Development Investment Tbk

Rp 66

+1 (+1,47%)

JAKARTA - PT Bank Ganesha Tbk (BGTG) is eyeing additional capital of IDR 900 billion via rights issue of 7.5 billion shares at a price of IDR 120 per share on (9-15/12).

Quoted from a brief prospectus on Monday (10/10), PT Equity Development Investment Tbk (GSMF), the holder of 50.16% stake in Bank Ganesha, stated that it would not exercise all of its rights and would not transfer its rights in the plan to any party. The shareholder's share will be diluted by 31.29% if they do not take part in the plan. However, it has not been stated who will be the standby buyer if there are remaining shares.

Currently, the authorized capital of BGTG is IDR 4 trillion, total issued and paid-up capital is IDR1.63 trillion, with the owner structure, among others, GMSF 50.61%, UOB Kay Hian Pte Ltd 8.43%, and the public 40.96%. Porttepel shares are worth IDR 2.32 trillion.

Later, BGTG will record its total issued and fully paid up capital of IDR 2.39 trillion with a shareholder structure, namely, GMSF 34.78%, UOB Kay Hian Pte Ltd 8.43%, and the public 56.79%. Portepel shares will be recorded at IDR 1.60 trillion. (LK/LM)