PT Multi Ocean Shipyard announced a private placement of 420,000 common shares at IDR 1,000,000 per share for gross proceeds of IDR 420,000,000,000 on December 30, 2016. The transaction included participation from returning investor PT Soechi Lines Tbk (JKSE:SOCI). The share capital of the company increased from 420,000 common shares to 840,000 common shares. The company issued shares at par.