PT Bank Mayapada Internasional Tbk plans to incrase the capital placement worth IDR500 billion through rights issue in quarter III/2010 to support the business expansion of the company.
The company capital will increase from IDR1.1 trillion into IDR1.6 trillion. Now the finance institution here has 19 percent CAR (capital adequacy ratio) and thus Mayapada will grow above 20 percent with the rights issue here.
Rights issue will use the quarter I/2010 finance statement so the capital rise could be done in quarter III/2010. After rights issue, Tahir Family will control 70 percent shares of Bank Mayapada.
The bank with SME as the market segment here is currently owned by the Tahir Family with 65 percent shares ownership, Dubai Ventures 7.68 percent, Avenue Luxemburg 23.03 percent, UBS 3.83 percent, and public the rest.
Mayapada is business group on banking sector, retailer (duty free shop), property, health, coal, and other sectors.
The rights issue there might be shareholder which does not take their rights such as Dubai Ventures and Singaporean UBS. The ownership portion will be taken by the Tahir family so as to grow their possession.
The rights issue there might be shareholder which does not take their rights such as Dubai Ventures and Singaporean UBS. The ownership portion will be taken by the Tahir family so as to grow their possession.
In quarter III/2010, Bank Mayapada targets raise with US$1 billion assets bank. Currently Mayapada assets stand at IDR8 trillion and in September is targeted to increase into DIR9.5 trillion or US$1 billion.
In quarter I this year, Bank Mayapada booked IDR50 billion profits and is projected to reach at least IDR150 billion profit by year end.
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