PT Bank Harda Internasional Tbk (IDX:BBHI) announced a private placement of 365,000,000 shares at IDR 100 per share for gross proceeds of IDR 36,500,000,000 on July 21, 2017. The transaction will include participation from existing investor PT Hakim Putra Perkasa. The transaction is by way of capital increase without pre-emptive rights to the investor. The transaction was approved by the board of directors of the company. The lock up period for the shares will be from July 26, 2017 to July 25, 2018. The number of shares after closing of the transaction will be 3,974,850,000 shares.