Nov 15, 2010

CIMB Niaga holds Rp1.49 trio rights issue

Publicly listed PT Bank CIMB Niaga Tbk (BNGA) intends to issue 1.41 billion new shares B class at Rp1,065/share during preemptive rights (rights issue), enabling the company to snap up Rp1.49 trillion cash.
In the rights issue prospectus published today, investors with 17 shares B class shareholders will obtain one rights to buy the new shares.
Preemptive rights will be exercised during December 30 2010 to January 7 2011. CIMB Niaga will use all the proceed from rights issue to develop business and strengthen long term financing.

Disclosure: No position at the stock mentioned above. 

Print This Article

No comments: