JAKARTA. PT Bank CIMB Niaga Tbk (BNGA) has raised fresh funds of IDR 83.64 billion from selling its treasury shares.

Susiana Tanto, Corporate Affairs Head of BNGA, said that the treasury stock sale took place on October 31, 2023. For said sale, BNGA assigns PT Mandiri Sekuritas as the arranger. 

The number of treasury shares sold by the company was 48.79 million shares, while the average selling price was set to IDR 1,708.83 per share. 

As of now, the accumulated shares from buyback of BNGA were recorded at 50.78 million shares. Total proceeds gained by the company from this corporate action is IDR 86.07 billion, cumulatively. Meanwhile, the remaining unsold treasury stock of BNGA consists of 138.49 million shares. (KR/ZH)