Mitsui and Salim: Standby Buyers of Allo Bank's Rights Issue Shares?

By Editorial Team 10/09/2021
financial analysis
Summary

PT Allo Bank Indonesia Tbk (BBHI) will hold an extraordinary shareholders meeting (RUPSLB) on Friday, October 15, 2021. Based on its information disclosure to the Indonesia Stock Exchange (IDX), the meeting is related to Allo Bank's plan to raise capital through the Capital Increase with Pre-Emptive Rights (PMHMETD) or rights issue.

BBHI management stated that the bank would issue an extra 11 billion shares at Rp 100 per share. "This amount is equivalent to 94.15 percent of the company’s issued and fully paid-in capital at the time of this information disclosure, at a price to be determined and announced later in the rights issue prospectus," BBHI management revealed on Thursday (9/9).

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