BUN to raise capital

BUN to raise capital

JAKARTA (JP): Shareholders of the publicly-listed Bank Umum
Nasional (BUN) agreed in an extra-ordinary meeting to increase
the bank's authorized capital to Rp 750 billion (US$340.9
million) from Rp 300 billion at present.

The bank stated yesterday that the rise in the authorized
capital was made in line with its plan to issue rights shares in
the next few months.

In a general meeting held before the extra-ordinary meeting,
shareholders also approved the management's proposal to pay a
cash dividend of Rp 299 (13.59 U.S. cents) per share for the 1994
operations.(hen)