PT Samudera Shipping Indonesia announced that it will receive IDR 210,000,000,667 in funding on April 6, 2021. The transaction will include participation from returning investors PT Samudera Perkapalan Indonesia for 966 series A shares at a nominal price of IDR 1,000,000 per share for proceeds of IDR 966,000,000, PT Samudera Wadah Mitra for 105 series B shares at a nominal price of IDR 1,000,000 per share for proceeds of IDR 105,000,000, and Samudera Shipping Line Ltd (SGX:S56) for 1,029 series C shares at a price of IDR 203,040,816.975044 per share for proceeds of IDR 208,929,000,667. Post closing, Samudera Shipping Line Ltd (SGX:S56), PT Samudera Perkapalan Indonesia, and PT Samudera Wadah Mitra will retain 49%, 46% and 5% stake in the company. As a part of the transaction, the investor will have the special right to nominate majority of the members of the board of directors and board of commissioners of the company. The transaction is subject to approval of independent shareholders of Samudera Shipping Line Ltd (SGX:S56). On April 28, 2021, the transaction was approved in the extraordinary general meeting of shareholders of Samudera Shipping Line Ltd (SGX:S56).