Thursday, February 10, 2011

BTPN plans stock split

PT Bank Tabungan Pensiunan Nasional Tbk plan to stock split. Share price of BTPN around IDR12,000 a piece and need to split. The company also plans to issues IDR1 trilion bonds.
On 12th March 2008, BTPN successfully went public with the sale of 28.4% of the government’s shares, c.q. PT Perusahaan Pengelola Aset (PPA).
Subsequently, on 14th March 2008, TPG Nusantara, S.a.r.l. acquired a 71.6% stake in BTPN, and became the major shareholder of the Bank. Besides continuing to expand of its core pension business, which has been it’s backbone for 50 years, the Bank entered the micro and small enterprise (MSE) and Sharia businesses,

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