Thursday, August 13, 2009

Bosowa take over 18.37% shares of Bank Kesawan

The standby buyer, PT Mallomo Transportindo, executed 115.06 million shares of PT Bank Kesawan Tbk offered through the rights issue. Mallomo is owned by the Bosowa Group under the control of Aksa Mahmud.
Director of Bank Kesawan Rusli and Yoseph Solihin Yo through the public expose in the Indonesia Stock Exchange (IDX) said there are 125.3 million shares of the rights issue so as totaling 626.52 million shares issued by the company.
"The execution has made the share ownership of Mallomo in Bank Kesawan 18.73 percent," he said yesterday
Mallomo execution here has cut down the share possession of PT Adhi Tirta Mustika as from 64.03 percent into 51.23 percent.
The number of shares executed by shareholders through the rights issue are 10.23 million. Based on data, some 15 individual shareholders executed the offered shares through the rights issue.
Trimegah Securities assisted Bank Kesawan rights issue which generates some IDR40.09 billion fund.
The rights issue offered IDR320 share price and Mallomo is appointed as the standby buyer after the management of Bank Kesawan communicated with the corporate management, Sadikin Aksa.
Sadikin Aksa is the brother of Erwin Aksa, the CEO of Bosowa Group. Both are the sons of Aksa Mahmud, the brother in law of Vice President Jusuf Kalla.

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