South Korean bank, KB Kookmin Bank, will become the major shareholder of Bank Bukopin (BBKP). The Financial Services Authority (OJK) said Kookmin was open to increasing the capital of Bukopin through another scheme. Kookmin Bank will hold the shares by absorbing 2.3 billion new shares (20% enlarged capital) through a rights issue program. The bank becomes a standby buyer for the said rights issue.
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