JAKARTA. PT Bank Ina Perdana Tbk (BINA) to conduct a rights issue, coinciding with its objective to focus more on the digital bank targeted to be completed by the end of this year. This plan has ignited a surge in BINA’s stock price.
This corporate action has been approved during the Extraordinary General Shareholders Meeting held on Wednesday (16/6). This news has driven its stock price up, reaching IDR 1,980 to IDR 2,470.
The said meeting also agreed to launch a rights issue, offering two billion shares, with a nominal price of IDR 100 each. BINA expects that the rights issue would provide funds of approximately IDR 1 trillion.
Its President Director, Daniel Budirahayu, claims that the company would utilise the funds in the digital project that is projected to complete by the end of this year. (AM/ZH)