PT Cardsindo Tiga Perkasa announced that it signed an agreement for private placement of 5,000,000 common shares at a price of IDR 1,000 per share for gross proceeds of IDR 5,000,000,000 on September 29, 2016. The transaction will include participation from existing investors PT Jasuindo Tiga Perkasa Tbk (JKSE:JTPE) for IDR 4,250,000,000 to acquire 18.398268% in the transaction and retaining 85% stake in the company and individual investors Hera and Yenti for IDR 375,000,000 to acquire 1.623377% stake in the transaction and maintain 7.5% stake in the company each. The investors acquired 21.645021% stake in the company.