Type | Announcement |
Subject | OTHERS |
Description | Rights issue of PT Bank Internasional Indonesia Tbk (“BII”) |
Malayan Banking Berhad (“Maybank”) is pleased to announce that BII, a subsidiary of Maybank had on 23 July 2013 completed its right issue exercise of 4,690,165,897 new ordinary shares of Rupiah (“Rp”) 22.5 each (“Rights Shares”) at an issue price of Rp320 per Rights Share (“Rights Issue”). The total proceeds raised from the Rights Issue amounted to approximately Rp1.5 trillion (“Rights Issue”). Maybank, through its wholly-owned subsidiaries, Maybank Offshore Corporate Services (Labuan) Sdn Bhd and Sorak Financial Holdings Pte Ltd had fully subscribed for their respective entitlements under the Rights Issue. In addition, PT Kim Eng Securities (“KES”), an 80%-owned subsidiary of Maybank, acted as the standby buyer for the Rights Issue. KES had exercised its obligation to subscribe for 12,104,594 Rights Shares which were not taken up by the other entitled shareholders under the Rights Issue. Following the completion of the Rights Issue, Maybank Group’s equity interest in BII is maintained at around 88.3%. This announcement is dated 24 July 2013. |
Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 24 Jul 2013 |
Category | General Announcement |
Reference No | MB-130724-63606 |