Astra and WeLab Take Control of Bank Jasa Jakarta; Here's the Share Ownership Breakdown

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Reza Pahlevi 05/07/2022 12:00 WIB

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Astra and WeLab each hold a 49.56% stake in Bank Jasa Jakarta.

Shareholders' Composition of Bank Jasa Jakarta Before and After Acquisition (2022)

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Shareholders' Composition of Bank Jasa Jakarta Before and After Acquisition (2022)

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Astra Group and Hong Kong-based startup WeLab will acquire Bank Jasa Jakarta. Both companies will each own 49.56% of the bank's shares.

In its disclosure released on Monday (July 4, 2022), Astra Group, through Astra Financial (PT Sedaya Multi Investama), acquired 1.13 million shares of Bank Jasa Jakarta. Astra spent Rp3.87 trillion for this transaction.

Meanwhile, WeLab increased its ownership stake. Before this corporate action, WeLab only held 24% of Bank Jasa Jakarta's shares.

This transaction is planned to be completed after all the preliminary requirements in the agreement are fulfilled, including approval from the Financial Services Authority (OJK).

WeLab plans to make Bank Jasa Jakarta its second digital bank. Previously, WeLab already owned one digital bank in Hong Kong.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."