Mid-sized lender Bank Bukopin has set pricing for its rights shares at between Rp 480 and Rp 560 apiece, aiming to raise Rp 1.15 trillion from the offering, it said in a statement published on Tuesday.
Bukopin will offer 2.04 billion new shares in February 2011, representing 25 percent of the enlarged equity. In the offering, holders of three Bukopin shares will be entitled to buy one new share.
“All of the proceeds will be used as the company's working capital to expand credit,” Bukopin said.
The new shares will be officially listed on the Indonesia Stock Exchange (IDX) on Feb. 9, 2011.
“CIMB Securities Indonesia, as stand-by buyer, will purchase all of the offered shares if they are not absorbed,” the lender said in the statement. (est)
No comments:
Post a Comment