Three Billionaires Move to Expand BFI Finance's Business

fintech competition
Summary

Trinugraha Capital & Co SCA as the controlling shareholder of PT BFI Finance Tbk (BFIN) held a voluntary tender offer of 9.13 billion shares, equivalent to 57.19 percent of BFIN's public shares. BFIN shares are offered at Rp 1,200 per share in the offer. If all public shares offered are absorbed, Trinugraha Capital must spend Rp 10.96 trillion.

After the tender offer, billionaire Jerry Ng may control 57.19 percent of BFIN's shares. Furthermore, PT Bank Jago Tbk (ARTO) owned and other controlling shareholders, Garibaldi "Boy" Thohir and Patrick Walujo, plan to bring the top multi-finance company into the digital business.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.