Jakarta - PT Bank KB Bukopin Tbk (BBKP) announced that it obtained fresh funds through a limited public offering VI through Pre-emptive Rights amounting to Rp7.04 trillion.

"There were 33,235 investors who participated in the limited pub3.9 billion shares oversubscribed this rights issuey 3.9 billion shares," said KB Bukopin's Director of Operations Helmi Fakhrudin in a virtual public expose on Friday (17/12).

He continued, BBKP has completed the implementation of the rights issue by issuing 35.21 billion class B shares and an exercise price of Rp200 per share.

"The support given by all shareholders has a positive impact on business growth, performance, reputation, and shareholders' trust in KB Bukopin," he added.

Meanwhile, the lender will use around 16% of the proceeds from the rights issue for investments related to the development of information technology or IT, while the remaining 84% for expansion of good qua