TEMPO.CO, Jakarta - Bank MNC International is preparing to hold rights offering procedure to issue new shares worth IDR 489.6 billion. The bank plans to hold the corporate act in June this year.
Bank MNC will issue 4.9 billion new shares, which is equal to 22.22 percent of its paid-up capital. The shares are offered for a price of IDR 100/unit.
"We are targeting IDR 450 billion proceeds," President Director Benny Purnomo said in Jakarta, Tuesday, April 17, 2018.
Benny said the company decided on a rights issuance to strengthen its capital structure. "After the rights offering, we hope our capital will be around IDR 1.5 trillion," Benny said
Benny predicts that the licensing process at the Financial Services Authority (OJK) will be completed on May 25. The new shares will be listed on the Indonesia Stock Exchange by June.
GHOIDA RAHMAH