PT Global Wisata Paradise announced a private placement of 77,000,000 common shares on July 25, 2018. The transaction included participation from existing investor, PT. Jaya Sukses Makmur Sentosa Tbk (IDX:RISE). The investor’s investment increased from IDR 416,000,000,000 to IDR 493,000,000,000 of the company, held 99.99% stake in the company. The transaction approved by the statement of shareholder resolution outside of the general meeting of shareholders.