PT Bumi Lestari Makmur announced a private placement of 60,000 shares at IDR 1,000,000 per share for gross proceeds of IDR 60,000,000,000 with new investor PT Island Concepts Indonesia Tbk on September 23, 2013. The investor will acquire a 75% stake in the company upon completion of the transaction. The transaction has been approved by the shareholders of the company.