Sea Group Seeks to Acquire Bank Capital and Bank Bumi Arta

By Editorial Team 11/02/2021
Digital bank
Summary

After controlling PT Bank Kesejahteraan Ekonomi (Bank BKE), the Shopee parent company Sea Group is reportedly eyeing another bank to be acquired. Recently, Sea Group indirectly controlled Bank BKE shares.

Sea Group has acquired Bank BKE shares through its Hong Kong-based subsidiary, Turbo Cash, from its former shareholders: PT Danadipa Artha Indonesia and PT Koin Investama Nusantara. Danadipa controls a 94.95 percent stake in Bank BKE, while Koin Investama owns the remaining 5.05 percent, making the Sea Group indirect ruler of Bank BKE.

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