PT. INDONESIA LIBOLON FIBER SYSTEM announced a private placement of 2,800,000 common shares at a price of $5 per share for gross proceeds of $14,000,000 on July 27, 2022. The transaction will include participation from returning investor, Lealea Enterprise Co., Ltd. The transaction has been approved by the board of directors of the investor.
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- PT. INDONESIA LIBOLON FIBER SYSTEM announced that it expects to receive $14 million in funding from Lealea Enterprise Co., Ltd.