JAKARTA: PT Bank Danamon Indonesia Tbk plans to hold a rights issue of 1.21 billion new shares and will seize IDR4.97 trillion-IDR5.82 trillion to strengthen its loan for micro, small and medium business sector as well as financing in automotive sector.
In a prospectus published today, the company said it will offer new shares at IDRIDR4,100-IDR4,800 per share.The company will seek shareholders approval in a meeting scheduled on August 24, 2011.Each shareholder of 1,000 existing shares recorded at September 21, 2011 will entitle 144 preemptive rights to buy one new share.Asia Financial (Indonesia) Pte Ltd, as controlling shareholder, has committed to exercise its rights.Citigroup Global Markets Singapore Pte Ltd and Deutsche Bank AG, Hong Kong are acting as the standby buyers for the rights issue.As of June 30, 2011, Asia Financial owned 67.37% of the ownership in Bank Danamon, JPMCB-Franklin Templeton Investment Funds held 5.75% and the remaining of the share or 26.88% belong to public.The BDMN-coded stock declined 4.39% or IDR250 at IDR5,450 at the Jakarta Stock Exchange as of 2.43 p.m. local time. (msw)
