PT. Bank J TRUST Indonesia Tbk. announced a private placement of 100,000,000,000,000 series A shares at IDR 0.01 per share for gross proceeds of IDR 1,000,000,000,000 on March 27, 2017.

The transaction will include participation from returning investor J Trust Co., Ltd. (TSE:8508) to increase its stake from 95.8727% to 96.2850%. The issued shares of the company will increase from 901,184,100,000,000 to 1,001,184,100,000,000. The transaction will be completed after fulfillment of certain conditions.