BBKP - PT. Bank KB Bukopin Tbk

Rp 128

-2 (-1,56%)

JAKARTA. The Financial Services Authority (OJK) today announced that Kookmin Bank, one of the banks with the largest assets in South Korea, is ready to become a controlling shareholder of PT Bank Bukopin Tbk (BBKP) with a 51% stake.

Previously, Kookmin Bank only owned 22% of BBKP shares.

So far, Kookmin Bank has deposited US$ 200 million in an escrow account, to become a controlling shareholder of BBKP. The funds will also be used to strengthen the capital structure of BBKP.

Anto Prabowo, Deputy Commissioner of Public Relations and Logistics for OJK, said that his party welcomed and supported Kookmin Bank's plan to become a controlling shareholder of BBKP. This corporate action, said Prabowo, will strengthen the capital and governance of BBKP.

"Including forming professional management to support business improvement initiatives," Prabwo said through an official statement.

At the end of trading on the Indonesia Stock Exchange today, the price of BBKP shares fell by 3.88% to the level of Rp 198 per share, down 8 points. (KR/AR)