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No documents on Evergreen rights issue submitted: OJK
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An employee is seen working at the Financial Services Authority's (OJK) integrated financial consumer services center at the Bank Indonesia (BI) building in Jakarta. (Antara/Fanny Octavianus)
T
he Financial Services Authority (OJK) has said it has not received any rights issue documentation on textile and investment company PT Evergreen Invesco, now PT Bumiputera Investasi Indonesia.
"There was no document [submitted to the OJK] that I can comment on," OJK commissioner for capital market supervision Nurhaida said on the sidelines of an event in Kuta, Bali, on Monday.
Adhi M. Massardi, an OJK statutory official, said recently that Evergreen planned to hold a rights issue event in June to raise funds for a capital injection worth Rp 2 trillion (US$150.3 million) for life insurer PT Asuransi Jiwa Bumiputera (AJB).
(Read also: Extraordinary gaffe seen at Evergreen’s shareholders meeting)
The establishment of AJB is part of a complicated series of moves to revive the one-century old mutual insurer Asuransi Jiwa Bersama Bumiputera, whose operations were taken over by the statutory management of the OJK due to financial difficulties.
Business tycoon Erick Thohir and his consortium was said to be the investor that would inject their capital through the rights issue.
The rights issue plan has been postponed several times since last year as Evergreen failed to fulfill the OJK's requirement on the identity of its standby buyers, among other things.
"Basically, regulations for all publicly listed firms that wish to carry out any corporate actions have been made clear," Nurhaida said. "Just follow the rules." (bbn)
