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BII Right Issue Approved

Jakarta (ANTARA) - Annual General Meeting (AGM) of PT Bank Internasional Indonesia Tbk (BNII) which took place in Jakarta on Friday decided to approve a limited public offering or a rights issue of 6,253,554,529 V shares of Series D.

"Nominal value of Rp22, 5 per share and stock rights offering price of Rp225 per share issue. The ratio of right issue 8 or 8 to one old shareholders entitled to purchase one share rights issue," said Director BNII, Ridha Wirakusumah in Jakarta Friday.

According to the results of right issue fund is Rp1, 407 trillion will be used for credit expansion in the framework of corporate business development which affects the increase in core capital company.

He added, the number of new shares offered is equivalent to 11.11 percent of the total shares issued and fully paid.

Plans stock listing rights issue in Indonesia Stock Exchange (IDX) held on April 12, 2010.