JAKARTA – PT Bank Neo Commerce Tbk (BBYB) would issue 1,927,162,193 shares for IDR 1,300 each in its fifth rights issue two weeks from now, on December 8-12, 2021. The total proceeds are estimated to reach IDR 2.50 trillion.
In the information disclosure published on Monday (22/11), the shares to be released equal 20.45% of its entire issued and paid-up capital post-rights issue, amounting to 942,168,183,600 shares. As of now, BBYB’s issued and paid-up capital only amounts to 749,451,964,300 shares. The shareholders consist of PT Gozco Capital (GC) of 16.53%, PT Akulaku Silvrr Indonesia (ASI) 24.98%, Yellow Brick Enterprises Ltd 11.10%, Rockcore Financial Technology (RFT) Co Ltd 6.12%, and the public 41.27%.
The company plans to direct 15% of the raised funds to credit expansion, 40% to banking operational activities, 30% to information technology development. Lastly, 15% of the proceeds would be used to solidify its current account ratio (CAR) to manage its productive assets reserves. (LK/ZH)