PT Temas Shipping announced that it has received IDR 327,000,000,000 in an equity round of funding on December 7, 2020. The transaction included participation from returning investor, PT Temas Tbk. (IDX:TMAS). Out of the gross proceeds, IDR 250,000,000,000 will go towards share capital and IDR 77,000,000,000 will be deposited in capital reserve. Pursuant to the transaction, the investor will hold 99.85% stake in the company.