PT SEPCHEM announced that it has issued 1,698,846,790 shares at an issue price of IDR 100 per share for gross proceeds of IDR 169,884,679,000 in a round of funding on December 16, 2020. The transaction included participation from returning investor PT Surya Esa Perkasa Tbk (IDX:ESSA). Post transaction investor will hold 99.99% stake in the company. The transaction has been approved by the decree of the ministry of law and human rights.