Jakarta, CNBC Indonesia – The reduction of PT Bosowa Corporindo’s share in PT Bank KB Bukopin Tbk (BBKP) is said to continue in stages.
The reduction in the share portion is part of the implementation of the OJK decree and the peace agreement with KB Kookmin, the new controlling investor in the bank formerly known as Bank Bukopin.
Bosowa’s total ownership in KB Bukopin’s shares in July 2021 is 8.55%. That number decreased compared to the position at the end of June of 8.84%. As of April 2021, Bosowa’s ownership in KB Bukopin also still reached 9.7%.
The reduction in Bosowa’s share ownership is inseparable from the Decree of the OJK Board of Commissioners No.64/KDK.02/2020 issued on August 24, 2020. At that time, it was determined that Bosowa did not qualify as the controlling shareholder of Bukopin.
OJK finally required Bosowa to transfer all of its share ownership within a period of 1 year from the stipulation.
OJK Deputy Commissioner for Banking III Slamet Edy said the letter was still valid today. Although various cases have been passed in the Bukopin dispute.
“It simply came to our notice then [aturan tersebut],” he said, Wednesday (4/8/2021).
Bosowa has made peace with Kookmin Bank by signing a collective agreement last June.
President Director of Bosowa Corporindo Rudyantho said that Bosowa and Kookmin Bank had already established communication and would reach an understanding.
Thus, the company does not question the results of the previous Extraordinary General Meeting of Shareholders (EGMS) of Bank Bukopin which caused Bosowa’s share ownership in Bank Bukopin to shrink.
“Since the end of February, Kookmin and Bosowa have entered into an understanding that in the future legal issues will no longer be a priority between the two parties,” he said.
Shareholder report data as of June 2021 shows that Bosowa holds 8.84% shares or 2.88 billion shares, while the majority of BBKP’s shares are 67% or 21.89 billion shares owned by Kookmin, the rest are public investors.
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