PT Surya Dhoho Investama announced a private placement of 2,000,000 shares at a price of IDR 1,000,000 for gross proceeds of IDR 2,000,000,000,000 on March 4, 2022. The transaction will include participation from returning investor PT Gudang Garam Tbk (IDX:GGRM). The company will receive funding in tranches.

The first tranche is expected to close on December 2022.