BACA - PT. Bank Capital Indonesia Tbk

Rp 402

-2 (-0,50%)

JAKARTA - PT Bank Capital Indonesia Tbk (BACA) will release 20 billion shares with a nominal value of Rp 100 per share through rights issue. This plan will be implemented no later than 12 months after the company obtains the approval of its Extraordinary General Meeting of Shareholders (EGMS).

As quoted from the disclosure of information published on Wednesday (24/6), Wahyu Dwi Aji, President Director of PT Bank Capital Indonesia Tbk (BACA) said that the corporate action would strengthen the company's capital structure and help improve its performance. "By improving the company's performance and competitiveness, we can increase investment returns for all shareholders," he said.

According to him, shareholders who choose not to participate in the rights issue would have their stake diluted. The company is currently awaiting an effective statement from the Financial Services Authority (OJK). (LK/AR)