PT Temas Depot announced a private placement of common shares for gross proceeds of IDR 490,000,000,000 on December 7, 2020. The transaction included participation from returning investor PT Temas Tbk. (IDX:TMAS) to retain its 99.87% stake in the company. Out of the IDR 490,000,000,000, IDR 340,000,000,000 was added to the registered capital of the company and IDR 150,000,000,000 was added to the capital reserve of the company. Post the transaction, the registered capital of the company increased from IDR 160,000,000,000 to IDR 500,000,000,000.