PT Equity Development Investment Tbk (GSMF), one of PT Bank Ganesha Tbk (BGTG)'s shareholders, will issue 10.1 billion shares to increase investment in the bank.

Equity Development Investment currently holds shares of Bank Ganesha with a share of 29.86%. In addition, UOB Kay Hian Pte Ltd owns 12.4% of BGTG shares and 57.72% of the public.

In an information disclosure submitted to the Indonesia Stock Exchange (IDX) on Thursday (22/7), GSMF stated that the company intends to increase investment in Bank Ganesha.

"In this regard, the company will carry out additional capital with pre-emptive rights as referred to in Regulation No.32/POJK.04/2015 yo No.14/POJK.04/2019," the announcement was quoted as saying in the statement on Friday (23/7).

The maximum number of shares to be issued is 10.1 billion with a nominal value of Rp. 100 per share. This amount is equivalent to 135.48% of the issued and fully paid capital. Meanwhile, the offer