Big Ambition of PT Elang Mahkota Teknologi Tbk. in the Financial Line
Together with Grab and Singtel as strategic partners, PT Elang Mahkota Teknologi Tbk. ready to continue to expand in this sector. Emtek's steps to dive into the banking sector began on November 5, 2021 by acquiring a 93% stake in PT Bank Fama International.
The corporate action was carried out by the issuer codenamed EMTK through its subsidiary, PT Elang Media Visitama (EMV). “The acquisition of Emtek is intended to expand its business in new sectors in Indonesia. Emtek is also interested in expanding Bank Fama's banking solutions into digital services that also complement Emtek's digital ecosystem," said Emtek Managing Director Sutanto Hartono in a short message to Bisnis, Friday (21/1). In the corporate action that took place on Wednesday (19/1), Grab and Singtel each absorbed 2.35 billion new shares of Bank Fama. The transaction value is reported to have reached IDR 500 billion or a total value of IDR 1 trillion. This amount is equivalent to 16.26% of the company's issued and paid-up capital which has been increased. EMV's ownership in Bank Fama was diluted to 62.76% after the issuance of new shares. Meanwhile, the portion of PT Nusantara Berkat Agung was recorded at 4.72%, Grab 16.26%, and Singtel at 16.26%. "We believe Bank Fama can support the provision of banking solutions for MSMEs throughout Indonesia," he said. Going forward, Bank Fama is open to potential cooperation with partners who have expertise in the business sector to create strategic and mutually beneficial partnerships. In the financial sector, EMTK is listed as a shareholder of the Dana digital wallet.
|•SOURCE•| Articles :BISNIS | Image :KATA DATA |
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