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APRO Financial is ready to buy Bank Oke Indonesia’s shares in right issue

03 October 2022 18:28

JAKARTA. APRO Financial Co Ltd is now officially the standby buyer in the rights issue held by PT Bank Oke Indonesia Tbk (DNAR) scheduled for tomorrow, October 4, 2022.

In the information disclosure in Indonesia Stock Exchange (IDX), APRO Financial has declared its commitment in exercising all of its rights to acquire new shares of DNAR. For the record, the total shares offered in this forthcoming rights issue clock up to 2.94 billion units.

For every 19 share, the holder will be entitled to one new share with the price set to IDR 170 each. Until June 30, 2022, APRO Financial reported having 12.76 billion shares of DNAR, approximately 90.47% of DNAR’s entire shares.

The management of DNAR also mentioned that the remaining shares unclaimed by other original shareholders will be allocated to other pre-emptive rights holder. Should there be remaining shares, APRO Financial will take over 252.4 million shares at most.

The shares issued by DNAR in this upcoming rights issue are equipped with the same rights for dividends as the older ones are. (KR/ZH)

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