PT OKI Pulp & Paper Mills announced a private placement of 3,473,360 shares at IDR 500,000 per share for gross proceeds of IDR 1,736,680,000,000 on June 29, 2016. The transaction included participation from existing investors, PT Pabrik Kertas Tjiwi Kimia Tbk (JKSE:TKIM) and PT Pindo Deli Pulp and Paper Mills for 1,736,680 shares each. On closing, the investors each increased their stakes in the company from 48.76% to 49.07%. The investors in total acquired 25.697508% stake in the increased capital of the company. The investors each acquired 12.848754% stake in the increased capital of the company. On closing, the capital of the company will increase from 10,042,970 shares to 13,516,330 shares.