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Malayan Banking Bhd Announces Rights Issue Of PT Bank International Indonesia Tbk

Tuesday, 23 Jul 2013 08:00pm EDT 

Malayan Banking Bhd announced that BII, a subsidiary of Maybank had on July 23, 2013 completed its right issue exercise of 4,690,165,897 new ordinary shares of Rupiah 22.5 each at an issue price of Rp320 per Rights Share. The total proceeds raised from the Rights Issue amounted to approximately Rp1.5 trillion. 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, 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%. 

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