PT CGU announced a private placement of 3,932 shares at IDR 1,000,000 per share for gross proceeds of IDR 3,932,000,000 on December 22, 2017. The transaction included participation from existing investor, PT Bukit Uluwatu Villa Tbk (IDX:BUVA) and PT Asia Leisure Network for 3,682 shares and 250 shares respectively. On closing, the PT Bukit Uluwatu Villa Tbk (IDX:BUVA) acquired 49.94% stake in the company. On closing, the capital of the company increased to IDR 15,432,000,000.