Jakarta - PT Bank J Trust Indonesia Tbk (BCIC) plans to conduct a limited public offering III in the framework of Pre-emptive Rights or rights issue of 10 billion series C shares.

As quoted from IDX information transparency on Thursday (1/26), this corporate action plan strengthens the company's capital structure to support business activities.

The company has received support from the controlling shareholder with 74.16% ownership, namely J Trust Co Ltd Japan worth Rp1.001 trillion, which is recorded as paid-up capital as of December 31, 2022.

The proceeds from this corporate action will be used to strengthen the capital structure to enforce the provisions regarding the minimum core capital of a bank.

The EGMS to approve The company will seek shareholders' approval of the plan for Rights Issue III on March 3, 2023.