NEWS

(market.bisnis.com)

After being successful in the life insurance business and investment manager, PT Capital Financial Indonesia Tbk is forming two new subsidiaries this year.

President Director of Capital Financial Indonesia Hengky Setiono mentioned the names of two new subsidiaries namely PT Capital Global Ventura and PT Capital Life Syariah. As for the venture capital company, he said, he had just received a permit from the Financial Services Authority.

"We just got permission from OJK for venture capital companies. Maybe in the fourth quarter of this year, it can operate," he said in Jakarta, Tuesday (07/19/2016).

The reason for the CASA stock coded stock formed a capital company because quite some creative industries were still struggling to obtain funding from banks. According to him, this condition is a great opportunity for new venture capital companies.

Meanwhile, Sharia life insurance companies planned by CASA are targeted to be active in the IV / 2016 quarter. Hengky revealed that the Capital Life Capital would receive an injection of capital from the initial public offering (IPO) of its parent company.

Hengky said that Capital Life Syariah will get capital worth Rp52.5 billion from IPO funds. If the two business units are formed this year, then CASA will have four subsidiaries. Two other operating subsidiaries are PT Capital Life Indonesia and PT Capital Life Asset Management.

CASA is the 10th issuer listed on the Indonesia Stock Exchange (IDX) on Tuesday (7/19/2016). After taking the floor, CASA managed to obtain an IPO fund of Rp. 715 billion.