PT Bank Maspion Indonesia Tbk, new issuers from banking sector, about 92% or 708.4 million shares issued through the IPO absorbed by institutional investors.
Individual shareholders recorded only about 8% share of the total shares sold that as many as 770 million units of shares.
Bank Maspion also had oversubscribed up to 15% during the offering period that ended on July 4, 2013.
The Company that established in 1989 has a network in 11 cities, including Surabaya, Jakarta, Semarang, Denpasar, Medan, Bandung, Makassar, and Solo. In addition, the Bank's network Maspion also been in Malang, Purwokerto, and Palembang.
As of June 2013, the assets of Bank Maspion recorded 3.82 trillion, an increase of 21.74% compared to the end of June 2012. (Bisnis Indonesia)
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