Losing Rp 121 Billion, What Will Happen to Bank Artos' Rights Issue?


PT Bank Artos Tbk has obtained permission from the Financial Services Authority (OJK) to implement a rights issue. The ARTO-coded company will issue a maximum of 15 billion new shares with a target price of Rp 139 per share.

Bank Artos is aiming to pocket Rp 1.34 trillion from this corporate action. Pre-emptive rights (HMETD) will be granted to shareholders who have been registered on March 31, 2020. Each shareholder is entitled to eight pre-emptive rights.

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