NISP to buy Daiwa stake<\/p>\n
JAKARTA (JP): Shareholders of publicly listed Bank NISP
\napproved on Saturday a plan to increase the bank's ownership in
\nBank Daiwa Perdania to 20.10 percent from 11.93 percent.<\/p>\n
The bank said the increase in ownership in the joint venture
\nbank would be carried out through the purchase of Daiwa
\nPerdania's new shares, and through the acquisition of Japanese
\nDaiwa Bank's stake holdings in the bank.<\/p>\n
\"From the two transactions, Bank NISP will increase its stake
\nin Daiwa Perdania to 20.10 percent,\" the bank said, adding that
\nthe two transactions cost Bank NISP about Rp 50.9 billion.<\/p>\n
Daiwa Bank also said in a statement on Saturday that it had
\nagreed to transfer some of its equity holdings in Daiwa Perdania
\nto the Bank of East Asia, a major bank based in Hong Kong, in
\naddition to Bank NISP.<\/p>\n
After the transfer, the Japanese bank's stake in the
\nIndonesian joint venture bank will decline to 47 percent from the
\ncurrent 84.95 percent.<\/p>\n
Daiwa Perdania plans to issue new shares to boost its capital
\nto Rp 200 billion from the current Rp 125 billion. Bank of East
\nAsia will buy part of the new shares to take a stake of about 25
\npercent in the Indonesian bank. (hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/nisp-to-buy-daiwa-stake-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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