PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA) plans to issue 1.5 billion new shares through preemptive rights scheme, representing 22.92% of its enlarged capital. The exercise price is set for Rp875 per share, then the Bank could raise total proceeds of Rp1.32 trillion. Woori Bank Korea will act as standby buyer. Woori Bank Korea now holds 74% SDRA shares. Arifin Panigoro owns 12.48%, PT Medco Intidinamika holds 6.06%, and public investors hold 7.46%. After rights issue, Woori Bank Korea will hold 79.98% shares, Arifin Panigoro’s ownership will decline to 9.6% and Medco Intidinamika’s shareholding will be reduced to 4.67%. Trading of rights is scheduled for June 21, 2017 to July 10, 2017.