Saturday, March 31, 2012

OCBC NISP plans rights issue IDR 1.5 trilion

PT Bank OCBC NISP Tbk was submitted rights issue proposal with pre emptive right worth by IDR1.5 trilion to Capital Market and Financial Institution Supervisory Agency. OCBC overseas Investment Pte. Ltd., who hold 85.1% share of Bank OCBC NISP will act as a stand by buyer.
Through the rights isuue VI, the bank will offer share with nominal value IDR 125 at IDR1000 per share. The rights issue will offer ratio 500 : 107 which that shareholder controlling 500 share will have 107 pre emptive right to acquire 107 new share priced at 1000 per share. The bank projected through the right isuue, capital adequacy ratio will strengten to 15% by the end of 2012.In the meantime, rights issue plan has to be approved by shareholder meeting

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