Extraordinary meeting of shareholders on Tuesday (Aug 25) approved the placement of 16.36 billion of new shares of Bank Bukopin (BBKP), previously controlled by Bosowa Group (owned by Aksa Mahmud, brother-in-law of former vice president Jusuf Kalla), to South Korean Kookmin Bank. The placement, if completed, will give Kookmin 67% ownership in Bukopin, which suffered liquidity issue for quite sometime. To subscribe please click here