PT Rimo International Lestari Tbk (IDX:RIMO) announced a private placement of 2,463,635,000 series B shares having face value of IDR 100 per share at a price of IDR 155 per share for gross proceeds of IDR 381,863,425,000 in December 2018. The transaction will include participation from individual investor Benny Tjokrosaputro. Post closing of the transaction, the capital of the company will increase from 41,586,000,000 shares to 44,049,635,000 shares.