JAKARTA - PT Bank MNC Internasional Tbk (BABP), a subsidiary of PT MNC Kapital Indonesia Tbk (BCAP), has received an E ec ve Statement from the OJK yesterday, August 31, 2021 to carry on the Company’s planned rights issuance.
BABP plans to raise capital through a non-dilu ve rights issuance, targeting up to 14,234,614,922 series B shares, with one to two (1 new share for 2 existing shares) a maximum of 33.33% of the total paid-in capital a er the right issue. With a rights execution price of IDR 318, BABP targets to raise fresh funds of up to IDR 4.5 trillion (USD312 million).
Via these collaborations and strategic partnerships, Mo onBanking is targeting circa 30 million digital banking user accounts in 5 years.
“In the near future, with Open API, we plan to integrate all Motion Technology digital capabilities, including stock trading, wealth management, insurance, P2P lending, and other solutions being developed into MotionBanking, to make it one-stop digital financial solutions app,” said Teddy Tee, COO of MotionBanking.
It is planned that the proceeds of IDR4.5 trillion from the rights issue will be used to strengthen MNC Bank's capital structure, expand MNC Bank's loan capacity digitally and acquire users to support business growth. Moreover, the proceeds will be used to support the development of the MotionBanking application. (LM)