PT. Agrapana Niaga Gemilang announced that it will issue 25,000 shares at an issue price of IDR 2,000,000 per share for the gross proceeds of IDR 50,000,000,000 on May 19, 2023. The transaction will include participation from new investor The Monogatari Corporation for 16,250 shares and PT Prospect Motor for 6,250 shares.

The transaction has been approved by the shareholders of the company. The transaction is expected to close on May 31, 2023. The company has disclosed the issue expenses of IDR 43,104,400 in the transaction.

Post completion; the investors Monogatari Corporation for 65% , PT. Prospect Motor for 25% and Kanematsu Corporation 10% stake in the company.