PT Bank Neo Commerce Tbk (BBYB) plans to conduct a limited public offering V in the context of Pre-emptive Rights of up to 5 billion new shares or representing 40.02% of the issued capital.

The brief prospectus published on Monday (9/8), the funds obtained from the limited public offering V plan will be used for working capital for the company's business development in lending and other banking operational activities.

BBYB will use the financial statement book ending May 31, 2021. The financial report noted the company's total assets reached Rp6.67 trillion with total liabilities of Rp5.61 trillion and equity of Rp1.05 trillion.

Net interest income was at Rp89.92 billion, and net loss for the year was Rp60.36 billion.

Meanwhile, the provisional schedule is that the EGMS will take place on May 28, 2021, the effective date on September 9, 2021, ex-rights in the regular market and negotiations on September 17, 2021, and the cash market on