PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA) plans to increase its capital by granting Rights to shareholders a maximum of 2.680 billion shares.

According to the Director of Bank Woori, Edwin Sulaeman, the nominal value is Rp100 per share. The Company will immediately conduct an EGMS on July 14, 2021, to request approval for the corporate action plan.

"The company believes that the plan to increase capital with the Pre-emptive Rights will positively affect financial conditions, namely reducing interest costs, increasing liquidity and improving the capital structure so as to strengthen the balance sheet and increase assets with additional funding used for the company's business development," explained Edwin in a written statement on Tuesday (8/6).

Meanwhile, the proceeds from the corporate action are to strengthen the capital structure and business development.

Shareholders who do not exercise their rights to purchase new share