KB Kookmin Bank, Indonesia's Bukopin Bank 793 Billion KRW Capital Increase
[Asia Economy Reporter Moon Chaeseok] KB Financial Group announced on the 11th that its subsidiary, KB Kookmin Bank, will make a paid-in capital increase of 793 billion KRW in its Indonesian affiliate, KB Bukopin Bank.
KB Financial Group explained the purpose of the capital increase as "part of the prompt business normalization of KB Bukopin Bank and securing future growth engines."
The board of directors also resolved to participate in the paid-in capital increase within a maximum limit of 8.436 trillion Indonesian Rupiah (IDR, approximately 788.8 billion KRW).
However, KB Financial Group stated that since the board meeting of KB Bukopin Bank has not yet been held, the detailed contents of the paid-in capital increase have not been finalized.
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Accordingly, details such as the number of shares acquired by KB Kookmin Bank, acquisition amount, number of shares owned after acquisition, and shareholding ratio were not disclosed on this day.
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