Jakarta - PT Bank Ina Perdana Tbk (BINA) plans to conduct a limited public offering (LPO) III or rights issue of 282.718 million shares, representing 4.76% of the total issued and fully paid shares.

According to the company's brief prospectus published on Thursday (16/9), the exercise price for the rights issue is Rp4,200-4,380 per share. Thus, BINA estimates that it will obtain funds from the planned rights issue of Rp1.238 trillion.

PT Indolife Pensiontama, as the controlling shareholder, has stated that it will exercise its Preemptive Rights.

Shareholders who do not exercise their Pre-emptive Rights will experience a decrease in the percentage of share ownership by 4.76%.

The company plans to use the proceeds from the rights issue for working capital to carry out operational activities and develop the company's business.

The company's corporate action has already got shareholders' approval in the Extraordinary Gene