JAKARTA - PT BPD Jawa Barat dan Banten Tbk (BJBR) plans to conduct a private placement phase II in 2020. Through this corporate action, the company plans to obtain funds worth Rp 412 billion.
Nia Kania, Director Finance of PT BPD BJB Tbk (BJBR) stated that the bank, as a public companies listed in IDX, currently had two options to acquire fresh funds, either from rights issue or private placement. “What we perform and we have completed is to coordinate with the Ministry of Home Affairs; even with the Ministry of Finance, and then with Pemprov (Provincial Government) of West Java and Banten, and Pemkab (Regency Government), Pemkot (Municipal Government) throughout the City districts in West Java and Banten, to increase capital or PMTHMETD (Capital Increase without Pre-emptive Rights), and the first phase has been carried out by the end of 2018,” she said.
Furthermore, BJBR Corporate Secretary Asadi Budiman said that the company seeks the target up to Rp 684 billion from private placement, which was planned to be conducted in the near future. "From the first phase, we have reached about Rp 272 billion, and we will launch phase II by the end of this year, or next year," he said.
According to him, the funds injection through the private placement phase II may be carried out in one or two rounds, depending on the readiness of shareholders. BJBR shareholders are West Java Provincial Government and Banten Provincial Government. (LK/W)