PT Boswa Megalopolis announced that a private placement of 1,000,000,000 shares at IDR 0.47896 per share for gross proceeds of IDR 478,961,762 in June 2012. The transaction included participation from existing investor, PT. Multi Agro Gemilang Plantation TBK. The investor increased its stake in the company from 85% to 91%. In June 2012, PT Boswa Megalopolis closed the transaction.