Bank Neo Commerce (BBYB) plans to launch the rights issue, aiming to raise Rp4 trillion in the second half (H2) of 2021. It has recently raised Rp250 billion from issuing 832.72 million new shares in the second quarter (Q2), priced at Rp300 per unit. BBYB plans to issue new shares again in Q3 for Rp1.5-2 trillion and in Q4 for Rp2 trillion. The Bank will use rights issue proceeds for supporting its digital bank business and the business growth.
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