PT Bank QNB Indonesia Tbk will strengthen its capital with a rights issue scheme. The bank codenamed BKSW shares will release 14.72 billion new shares, with a nominal value of Rp 250 per share.
“The purpose of implementing PMHMETD VII is for the Company’s working capital needs. So that with PMHMETD VII, the Company’s capital structure will be better and the Company will have sufficient funding to carry out its business strategy,” citing QNB Bank’s information disclosure on the Indonesia Stock Exchange (IDX), Wednesday (11/1).
Management explained that the issuance of new shares would have an impact on the company’s shareholders who did not exercise their HMETD. This is because it will be diluted on the percentage of its share ownership in QNB Bank.
All proceeds from the rights issue after deducting issuance costs will be used for working capital in business development in the form of credit expansion.
In order to carry out this corporate action, QNB Bank will ask for the blessing of investors through an extraordinary general meeting of shareholders in Jakarta.
QNB Bank will hold an extraordinary meeting on Thursday, 16 February 2023. Participants are entitled to attend the meeting as shareholders whose names are registered in the company’s register of shareholders on Tuesday, 24 January 2023 until 16.00 WIB.
Source: Keuangan
