JAKARTA - PT Bank Pembangunan Daerah Banten Tbk (BEKS) is planning a rights issue of 5.18 billion series C shares of IDR 50 per share. Banten Regional Government, as the controller of 66.11% of the shares, will invest non-cash assets through inbreng scheme.

In the issued prospectus quoted Thursday (12/9), the invested assets in question include former Disperindah office, old Integrated Business Service Centre building, old Cikokol Samsat building, and parking lot of UPTD of SMB Test of Disperindag of Banten. Meanwhile, the investment from public shareholders will still be in cash form.

The proceeds of the rights issue, of IDR 114.10 billion, will be used to buy building assets of Banten Regional Government, in order to expand the business. With the extra capital from the rights issue proceeds, the capital structure and liquidity will improve, yet the interest expenses will shrink, allowing positive changes in its profit.

As of now, BEKS reports total authorised capital of IDR 8 trillion, consisting of series A of IDR 1.07 trillion, series B of IDR 960.37 billion, and series C of IDR 5.96 trillion.

Its issued and paid-up capital is IDR 4.30 trillion, split into series A of IDR 1.07 trillion, series B of IDR 960.37 billion, and series C of IDR 2.72 trillion.

Banten Regional Government owns IDR 588.55 billion or 66.11% of series B shares and IDR 1.55 trillion of series C. Then, the public has 33.89% of series A worth IDR 1.07 trillion, series B of IDR 371.82 billion, and series C of IDR 721.97 billion. (LK/ZH)