Apro Financial Co., Ltd. completed the acquisition of 77.4% stake in PT Bank Dinar Indonesia Tbk from a group of individuals.
October 01, 2018
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Apro Financial Co., Ltd. signed a conditional sale and purchase of shares agreement to acquire 77.4% stake in PT Bank Dinar Indonesia Tbk (JKSE:DNAR) from a group of individuals for approximately IDR 690 billion on November 14, 2016. Under the terms, 1.7 billion shares will be acquired at IDR 396.89 per share. As per the terms, Nio Yantony will sell 29.16%, Wirawan Chondro will sell 3.35%, Kwan Sioe Moei will sell 2.03%, Rita Suhardiman will sell 1.13%, Hendry Leo, Sicilia Alexander S and Silvana will sell 0.89% each, Alice Neonardi and Michelle Neonardi will each sell 0.84%, Steffie Neonardi will sell 0.54%, Syaiful Amir will sell 10.58%, Andrew Mirza Hatawan will sell 21.15%, Dewi Monita and Reza Rhenaldi Syaiful will sell 0.96% each and Syafrida Amir will sell 3.2% stake. The deal is subject to approval from Financial Service Authority, creditors and Bank Dinar Indonesia's shareholders. As on February 6, 2017, shareholders of PT Bank Dinar Indonesia Tbk approved the transaction. The transaction expected completion date is to be announced. KAP Hendrawinata Siddharta & Tanzil acted as an accountant and PT Ficomindo Buana acted as the registrar for PT Bank Dinar Indonesia Tbk.
Apro Financial Co., Ltd. completed the acquisition of 77.4% stake in PT Bank Dinar Indonesia Tbk (JKSE:DNAR) from a group of individuals on October 2, 2018.
PT Bank Oke Indonesia Tbk is an Indonesia-based commercial bank. The Company is engaged in collecting funds from the public in the form of deposits in the form of demand deposits, time deposits, certificates of deposit, savings and/or other equivalent forms. The Company provides credit, both for the long term, medium term, and short terms. The Companyâs business retail loans include salary deduction credit program (KPG) product, multipurpose financing program products, and merchant loan program product. Its commercial business loans include current account loans, working capital loans, and investment loans. Its savings products include OK savings, OK taman savings, OK savings plan, OK bank giro and business savings. The Company provides various services, such as Internet banking, mobile banking, fund transfer, shared automated teller machine (ATM) /debit service, telephone payments, renting safe deposit box, bank guarantee, and foreign exchange trading.