PT Panorama Properti announced a private placement of 1,000,000 shares at IDR 100,000 per share for gross proceeds of IDR 100,000,000,000 on July 28, 2016. The shares will be subscribed by PT Panorama Sentrawisata Tbk (JKSE:PANR). Pursuant to the transaction, the investor shall hold 99.998333% stake in the company. The company has changed its name to PT Panorama Ventura Indonesia following the transaction.