PT AB Sinar Mas Multifinance announced a private placement of 30,000 shares at a price of IDR 1,000,000 per share for gross proceeds of IDR 30,000,000,000 on June 22, 2017. The transaction included participation from existing investor PT Sinar Mas Multiartha Tbk (JKSE:SMMA). Pursuant to the transaction, the investor holds 99.99866% stake in the company up from 99.99855%.