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Mega Corpora to join mandatory tender offer of BBHI shares

19 April 2021 11:25

JAKARTA – PT Mega Corpora (MC), the controller of PT Bank Harda Internasional Tbk (BBHI), stated its preparedness to be involved in the mandatory tender offer of 1.099.970.795 shares of BBHI. This corporate action would begin on Tuesday (20/4).

The company’s information disclosure, quoted on Monday (19/4), revealed that the price of the shares was IDR 160.26 per unit, thus amounting to IDR 176.28 billion in total.

As specified, the Extraordinary General Shareholders Meeting on January 29, 2021, agreed that MC would take over 3.084.461.000 shares of BBHI, equivalent to 73.71% and worth IDR 469.69 billion, from PT Hakimputra Perkasa (HP). The shares’ acquisition has obtained approval from the Financial Services Authority (lit. Otoritas Jasa Keuangan) on March 10, 2021.

The authorised capital of BBHI currently was at IDR 1 trillion, with the issued and paid-up capital of IDR 418.44 billion. The shareowners’ structure was MC owning 73.71% and the public 26,29%. MC planned to improve BBHI’s core capital after this said corporate action. (LK/ZH)

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