Evergreen Invesco (GREN) has kicked off the issuance of 18.77 billion new shares at Rp550 per share to raise Rp10.33 trillion. The troubled insurance firm Asuransi Jiwa Bersama Bumiputera (AJBB) is stand-by buyer, and because Natural Crystal Holdings, majority shareholder of GREN, won’t subscribe the new shares, policyholders of AJBB will eventually become controlling shareholder of GREN. To subscribe please click here
