OJK approves Bukopin's rights issue plan
JAKARTA - PT Bank Bukopin Tbk's (BBKP) plan to hold rights issue has been approved by the Financial Services Authority (OJK) on Tuesday (30/6). In the corporate action, KB Kookmin Bank Co. Ltd. will be a standby buyer who will take all the remaining shares that are not taken by other shareholders.
In the company's disclosure of information, Deputy Commissioner for Public Relations and Logistics of OJK Anto Prabowo said the OJK supported the corporate action because it could restore public and customer confidence in Bukopin.
Meanwhile, Rivan Purwantono, President Director of PT Bank Bukopin Tbk (BBKP) expressed gratitude for the support of shareholders and regulators regarding the company's plan to increase capital.
The shares to be issued by the company consists of 4.66 billion of class B shares or 40% of the company's total outstanding shares.
On 11 June 2020, Kookmin Bank had disbursed US$ 200 million for Bank Bukopin. It has also completed an additional due diligence process and it is in the process of finalizing the takeover process in accordance with the provisions in Korea. (LK/AR)