PT Multikarya Multiguna announced a private placement of 250,000 common shares at IDR 500,000 per share for gross proceeds of IDR 125,000,000,000 on June 29, 2016. The transaction included participation from returning investors, PT Duta Pertiwi Tbk (JKSE:DUTI) for 205,000 common shares to acquire additional 7.935% stake in the company to hold 81.99% stake in the company and PT Fortune Mate Indonesia Tbk (JKSE:FMII) for 45,000 common shares to acquire additional 1.742% stake in the company to hold 18% stake in the company. The company issued securities at nominal value.

The transaction has been approved by the shareholders of PT Duta Pertiwi Tbk (JKSE:DUTI). The registered capital of the company increased from 2,333,518 common shares to 2,583,518 common shares.