PT Batavia Prosperindo Internasional Tbk (IDX:BPII) announced a private placement of 48,213,762 common shares of face value of IDR 10 per share at a price of IDR 6,500 per share for gross proceeds of IDR 313,389,453,000 on May 21, 2019. Post closing of the transaction, the number of shares will increase from 514,010,900 shares to 562,224,662 shares.