PT Bank Harda Internasional Tbk announced a private placement of 364,963,504 shares at IDR 100 per share for gross proceeds of IDR 36,496,350,400 on April 26, 2017. The transaction will include participation from existing investor PT Hakim Putra Perkasa. The transaction is subject to fulfillment of certain conditions. The company’s outstanding shares will be increased from 3,650,000,000 to 4,014,963,504.