PT Etana Biotechnologies Indonesia announced a private placement of 3,000 common shares at IDR 11,434,000 per share for gross proceeds of IDR 34,302,000,000 on June 5, 2018. Returning investor, Etana Biotechnologies Hong Kong Limited will subscribe 1,708 shares and will hold 69.51% from 72.04% stake in the company. Another returning investor, PT Darya-Varia Laboratoria Tbk (IDX:DVLA) will subscribe 1,292 shares and will hold 13.86% stake from 7.99% stake in the company. The issued capital of the company will increase from IDR 170,492,374,000 to IDR 204,794,374,000. The shareholders of the company approved the transaction at its general meeting.