JAKARTA. KB Kookmin will strengthen its position as the controlling shareholder of Bank Bukopin during Bank Bukopin's rights issue.
In a prospectus published today Tuesday (14/7), Bank Bukopin stated its plans to issue new shares through rights issue and Limited Public Offering (PUT) V. The bank plans to issue 22.24 billion shares with a nominal value of Rp 100 per share.
The prospectus explained that with the rights issue, KB Kookmin would become a controlling shareholder, that would control 67% of Bukupin shares.
Bank Bukopin still needs to obtain approval of its shareholders, which will be decided during the company's Extraordinary General Meeting of Shareholders (EGMS) which will be held on 25 August. (AM/AR)