{
    "success": true,
    "data": {
        "id": 1428380,
        "msgid": "tiara-plans-rights-issue-1447893297",
        "date": "1999-03-30 00:00:00",
        "title": "Tiara plans rights issue",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Tiara plans rights issue JAKARTA (JP): Shareholders of nationalized Bank Tiara Asia approved on Monday the bank's plan to issue rights shares to raise Rp 5.3 trillion (US$600 million) for recapitalization. The bank said in a statement it would issue 42.66 million rights shares priced at Rp 125 at a par value of Rp 5 each. If the rights issue succeeds, the bank's capital adequacy ratio -- the ratio of equity capital to risk weighted assets -- would rise to 8 percent.",
        "content": "<p>Tiara plans rights issue<\/p>\n<p>JAKARTA (JP): Shareholders of nationalized Bank Tiara Asia<br>\napproved on Monday the bank's plan to issue rights shares to<br>\nraise Rp 5.3 trillion (US$600 million) for recapitalization.<\/p>\n<p>The bank said in a statement it would issue 42.66 million<br>\nrights shares priced at Rp 125 at a par value of Rp 5 each.<\/p>\n<p>If the rights issue succeeds, the bank's capital adequacy<br>\nratio -- the ratio of equity capital to risk weighted assets --<br>\nwould rise to 8 percent.<\/p>\n<p>The bank said it had regained the public's trust after being<br>\ntaken over by the government in August 1998. The bank's third<br>\nparty funds had improved from Rp 168 billion in August 1998 to Rp<br>\n505 billion at the end of 1998. Third party funds further<br>\nimproved to Rp 1.3 trillion on March 25, 1999. (rid)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/tiara-plans-rights-issue-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}