Bank Artos Jumps to Record High on Rights Issue Approval

(Bloomberg) -- Shares of Bank Artos Indonesia rose as much as 25% to a record high after shareholder on Monday approved a plan to issue 15b new shares in a rights issue.
* Lender plans to spend more next year, in an effort to join digital banking trend, Bisnis Indonesia newspaper reports, citing President Director Deddy Triyana
** Company expects rights issue can be concluded by year-end
* NOTE: Bank Artos Indonesia to Sell Max. 15B New Shares in Rights Issue

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