Jakarta - PT Bank Capital Tbk (BACA) plans to increase its capital without providing preemptive rights by issuing new shares of 19.946 billion, equal to 72.14% of the issued and paid-up capital.

The company's prospectus published on Tuesday (10/11) stated that the company would seek shareholder approval for this plan at the Extraordinary General Meeting of Shareholders on November 16, 2022.

Through the private placement plan, the company strengthens the capital structure stipulated in Article 8B letter a POJK14/2019, other conditions that can result in good restructuring by government agencies.

This private placement will help the company to improve its financial position so that it can carry out healthy business activities and sustainably improve performance.

The company will use the proceeds from this private placement entirely for working capital and to strengthen the capital structure.

Until the first semester of 2022, BACA&#