bank jatim socialize ipo

Date: 11 march 2011

President Director of Bank Jatim Muljanto in recent weeks are really busy. Management should be able to convince the regents / mayors of the plan Initial Public Offering (IPO) of Bank Jatim. Then on March 10, 2011 at Hotel Bumi Surabaya, Governor of East Java after a coordination meeting with local district / city in East Java, which was attended by the Regent / Mayor once held socialization IPO Bank Jatim

According to the Managing Director of Bank Jatim, the IPO will be decided in forum General Meeting of Shareholders (AGM) in mid-April 2011. If the AGM decided to go public,
then the management will attempt to set up the equipment and the requirements for the process of going public. Bank Jatim ready to release max 25% interest by making an initial public offering (IPO) in October 2011.

Bank Jatim is still done by carrying out a series of socialization IPO roadshow to a number of stakeholders in several areas in East Java. Like, regency / city in Surabaya, Probolinggo, Pasuruan, Kediri and others,

After that the management will also conduct further dissemination to the public. The stock was later offered a new series B shares, while the shares of Series-A government-owned provincial, regency / city in East Java will be converted into new shares corresponding proportions of each. The release of max 25% stake to the public, predicted, would get funding from Rp 500 billion to Rp1 trillion. For that Bank Jatim immediately appoint underwriters underwritter through beauty contests post-implementation of the GMS.