Jakarta - PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (BJBR) is targeting to raise funds from the limited public offering with preemptive rights of Rp924.99 billion.

Based on the prospectus published on Thursday (24/2), the funds obtained from the rights issue I will be used to strengthen the capital structure to expand the company's credit.

The company will offer 682.65 million shares with an exercise price of Rp1,355 per share.

The West Java Provincial Government, which owns 3.756 billion shares, is entitled to 260.63 million new shares as the largest shareholder.

Shareholders who do not exercise preemptive rights according to their rights will have a maximum dilution of 6.49%.

The implementation schedule is the effective registration statement for preemptive rights on February 21, 2022, cum rights in the regular and negotiated market on March 2, 2022; cash market on March 7, 2022; ex-rights in the regular and negotiat