BCIC - PT. Bank Jtrust Indonesia Tbk

Rp 179

-8 (-4,00%)

JAKARTA - PT Bank JTrust Indonesia Tbk (BCIC) is planning to refloat its shares to the public in order to be re-listed on the Indonesia Stock Exchange (IDX). According to the assessment of Kusnanto & Partners Public Appraisal Service Office, BCIC's fair market value is Rp 4.51 trillion.

Based on Kusnanto & Partners' report, the fair value was set based on the assessment reconciliation results from market value based on the cash flow discount method amounting to Rp 4.77 trillion and comparison of IDX-listed companies amounting to Rp 2.71 trillion.. BCIC's fair market value was set on October 31, 2019.

BCIC's stock as of October 31, 2019 amounted to 10,012,124,501 shares with Rp 12.23 trillion in capital. BCIC's Series A shareholders are JTrust Co Ltd (86.6851%, Samurai Capital Management LLC (4.8287%), JTrust Asia Pte Ltd (4.6713%), Group Lease Holding Pte Ltd (2.8121%), and PT JTrust Investments Indonesia (1.000%), while its Series B shareholders are JTrust Co Ltd (0.0003%) and others (0.0026%). (LK/MS)