MUFG will inject capital into an Indonesian e-commerce platform
JAKARTA. Mitsubishi UFJ Financial Group (MUFG) will inject capital into one Indonesian e-commerce platform in relation to its expansion plan into Southeast Asia.
Yasuhi Itagaki, President Director of PT Bank Danamon Indonesia Tbk (BDMN), said that the company could not announce e-commerce that would become MUFG's investment target yet. "It can't be announced yet, but in the near future MUFG will invest in one e-commerce in Indonesia," Itagaki explained as quoted by Kontan on Tuesday (25/2) yesterday.
Through this corporate action, MUFG believes it can get more customers. "We will get benefits related to customer acquisition, especially in the digital segment, "explained Itagaki.
For information, BDMN is a company whose shares are partly held by MUFG. According to idnfinancials.com data, MUFG's stake in BDMN has reached 94.10%. (KR/AR)