PT. Bank Pembangunan Daerah Banten, Tbk (JKSE:BEKS) announced a private placement of 76,200 series A shares at a price of IDR 1,000,000 per share for gross proceeds of IDR 76,200,000,000 on March 23, 2017. The transaction included participation from a total of 17 investors, including existing investors Local Government of Enrekang Regency, Provincial Government of Sulawesi Selatan, and Provincial Government of Sulawesi Barat for IDR 10,000,000,000, IDR 9,000,000,000, and IDR 8,000,000,000 respectively. Post the closing, the issued shares of the company increased to 886,670. The transaction has been approved by the shareholders of the company.