PT Supra Investama Mandiri announced a private placement of 5,100 common share for gross proceeds of IDR 5,100,000,000 on February 26, 2019. The transaction include participation from existing investor PT Supra Boga Lestari Tbk (IDX:RANC). Post-closing, the registered capital of the company will increase from 9,059 share at IDR 9,059,000,000 to 14,159 share at IDR 14,159,000,000. Post-closing, the investor will retain its 99.99% stake in the company.