PT. Batam Citra Internasional announced a private placement of 250 shares at IDR 1,000,000 per share for gross proceeds of IDR 250,000,000 with PT Tira Austenite Tbk (IDX:TIRA) on November 28, 2018. Pursuant to the transaction, the company increased its authorized capital from IDR 1,000,000,000 to IDR 1,250,000,000 on the same day.