PT Arita Prima Sukses announced that it has issued 9,900 shares at a price of IDR 500,000 per share for gross proceeds of IDR 4,950,000,000 to new investor PT Arita Prima Indonesia Tbk (IDX:APII) on December 19, 2018. The investor has acquired 99% stake in the transaction. The paid up capital of the company is IDR 5,000,000,000. The transaction is not subject to the approval of the shareholders of parent of investor or any other government authorities. The transaction has been approved by the board of directors of the parent of the investor.