After changed its business from retailer to property developer, Rimo International (RIMO) plans to offer 4.09 billion shares or 10% of enlarged capital through private placement. At current price (Rp154), RIMO expects to raise Rp629.86 billion from said private placement, used to repay its loan to PT Mulia Manunggal Karsa (Rp150 billion) and affiliated parties.