PT Bank Ina Perdana Tbk (BINA) plans to conduct a limited public offering III by providing rights issues of up to 2 billion shares.

Referring to Bank Ina's official publication on Tuesday (11/5), to realize this corporate action, the company plans to hold an Extraordinary General Meeting of Shareholders on June 16, 2021.

Bank Ina will use the proceeds from this transaction plan to increase working capital for the company's business development.

By carrying out this transaction plan, the company will get additional paid-in capital, which will be used for working capital to develop business activities and positively impact the company's financial condition and results of operations.

The shareholders who do not exercise their rights to buy the new shares offered in LPO III with rights issues will dilute ownership. However, the percentage is still being calculated.