PT Sidomulyo Selaras Tbk (JKSE:SDMU) announced that it has entered into an investment agreement for an equity line with new investor, GEM Global Yield Fund, L.P., a fund managed by Global Emerging Markets Limited for gross proceeds of IDR 180,000,000,000 on November 12, 2014. The company may receive additional IDR 132,000,000,000 in the transaction through a call option with the investor. As a part of the equity line, the company will issue up to a maximum of 112,587,000 common shares at its own discretion in multiple tranches over a period of two years. The shares being issued are subject to a hold period of one year. Hogan Lovells US LLP will act as legal advisor to the investor and KAP Morhan dan Rekan will act as the public accountant to the company.

On January 15, 2015, PT Sidomulyo Selaras Tbk (IDX:SDMU) closed the transaction. The company announced that it received IDR 4,392,630,000 in the transaction..