Oct 4, 2010

Astra & SCB to buy Permata new shares

Controlling shareholders of PT Bank Permata Tbk (BNLI), PT Astra International Tbk (ASII) and Standard Chartered Bank (SCB) have committed to be standby buyers for Rp2 trillion Bank Permata's rights issue.
Based on the rights issue prospectus published today, Astra International and SCB are committed to buy new shares issued by Bank Permata of 44.5% respectively.
Bank Permata plans to issue 1.29 billion new shares with the exercise price at Rp1,549 per share. Holders of 6 existing shares have rights to exercise 1 new shares to be issued by Bank Permata.
Disclosure: No position at the stock mentioned above.

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