JAKARTA (Yosefardi) – The Indonesia Stock Exchange (IDX) decided to halt trading in shares of PT Bank Ina Perdana Tbk (BINA) as IDX has not received disclosure on the BINA’s rights issue plan.
BINA plans to launch the right issue program in the fourth quarter of this year, targeting to raise Rp150 billion. Currently its core capital reaches Rp300 billion.
The bank opts to raise funds through rights issue, instead of consolidating with other banks, to enter the BUKU 2 category with minimum core capital of Rp1 trillion.
Current shareholders of Bank Ina Perdana are public investors (38.38%), OCBC Securities PTE LTD-Client A/C (37.62%), and PT Philadel Terra Lestari (20%) with the latter set to be the controlling shareholder.