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View all search resultsPublicly listed Bank KB Bukopin is seeking to raise trillions of rupiah in a rights issue later this month as part of its efforts to develop its technological infrastructure and expand lending to the small business and retail sectors.
South Korean KB Kookmin Bank and Indonesian conglomerate PT Bosowa Corporindo have reached a six-point agreement to end a legal dispute over how to solve the liquidity issue of publicly listed KB Bukopin.
Kookmin’s acquisition of Bukopin would also be rather easy and welcomed because Bukopin is a publicly listed bank, with 40.43 percent owned by the public, 23.39 percent by PT Bosowa Corp., 5.25 percent by Kopelindo, 8.91 by the Indonesian government and 21.99 percent by Kookmin itself.
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