PT Ateliers Mecaniques D'Indonesie Tbk announced a private placement of 108 million common shares on May 15, 2019. The transaction is subject to the shareholders' approval at the Extraordinary General Meeting to be held on June 20, 2019. Post the closing of the transaction, the issued and paid-up capital of the company will increase from IDR 108 billion to IDR 118.80 billion each.