PT Bank QNB Kesawan plans to raise 649.7 billion
rupiah ($56.8 million) from a rights issue this year, releasing
2.59 billion shares or 42.2 percent, of its enlarged capital at
a price of 250 rupiah per share, the company said in a
Shareholders Qatar National Bank (QNB) and Bosowa Group are
ready to spend 582.8 billion rupiah to buy the shares, it said.
Bosowa Group, a business group headquartered in South Sulawesi,
through its unit PT Bosowa Kapital, plans to spend 130.7 billion
rupiah to buy the shares, using internal cash, said Managing
Director Sadikin Aksa. (Investor Daily)
Note: Reuters has not verified this story and does not vouch
for its accuracy.
($1 = 11434.5 rupiah)
(Compiled by Jakarta Newsroom; Editing by Anand Basu)