PT Tokyo Radiator Selamat Sempurna announced that it has received IDR 33.2 billion in funding from Tokyo Radiator Mfg. Co., Ltd., PT Selamat Sempurna Tbk..

PT Tokyo Radiator Selamat Sempurna announced a private placement of 33,200 common shares at IDR 1,000,000 per share for gross proceeds of IDR 33,200,000,000 on October 23, 2015. The transaction included participation from existing investors, PT Selamat Sempurna Tbk for 10,956 shares for gross proceeds of IDR 10,956,000,000 and Tokyo Radiator Mfg. Co., Ltd. for 22,244 shares for gross proceeds of IDR 22,244,000,000.

PT Selamat Sempurna Tbk and Tokyo Radiator Mfg. Co., Ltd. will continue to hold 67% stake and 33% stake respectively in the company.