Bank Tabungan Negara (BBTN) has finally kicked off the issue of 1.51 billion new shares (rights issue) at Rp1000-1400 per share to raise up to Rp2.12 trillion. The government, which currently owns 71.85% shares, will not exercise its rights. That means the State’s ownership will dilute to 57.24% shares. Prospect?

To subscribe please click here