Dentons HPRP’s capital market team has successfully assisted PT Bank Neo Commerce Tbk (formerly known as PT Bank Yudha Bakti Tbk) (“BNC”) in relation to its limited offering process of rights issue III, rights issue IV, rights issue V and the recently closed rights issue VI. By conducting this series of right issues, BNC aims to fulfill the minimum capital requirement for commercial banks pursuant to OJK regulations. Each rights issue was executed successfully, and the success of rights issue VI ended the series of BNC’s limited offering process of rights issues that was carried out from 2020 to 2022.

Acting as the issuer’s legal counsel in the series of right issues, Dentons HPRP’s capital market team, led by Erwin Kurnia Winenda (Partner) and supported by Rio Fabrianus Pasaribu (Senior Associate), Rafi Andiandra Wardhana (Associate), Raisha Puti Diamar (Associate), and Kevin Hans Silitonga (Associate), conducted a legal due diligence, liaised with other consultants, liaised with the authority (especially OJK), as well as providing legal advice to BNC on any legal issues which arose.

During the continuous right issues, Dentons HPRP also successfully assisted PT Akulaku Silvvr Indonesia in acquiring BNC as the controlling shareholder.

With its extensive experience in Capital Market practice, Dentons HPRP has been successfully assisting corporations in various industries. Please contact the partner listed under key contact for further details.

For further information related to the services provided, please contact the partners listed under key contact.

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com