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GOTO disburses additional capital for its subsidiary in Singapore

31 May 2022 06:29

JAKARTA - PT GoTo Gojek Tokopedia Tbk (GOTO) disbursed additional capital of US$ 6.31 million to its subsidiary, Velox South East Asia Holding (SEA) Pte Ltd. The additional capital value is equivalent to IDR 89.91 billion, assuming an exchange rate of IDR14,250 per US 1.

RA Koesoemohadini, Corporate Secretary of PT GoTo Gojek Tokopedia Tbk (GOTO) said that the capital deposit was made through the purchase of new shares issued by Velox SEA. "The number of shares issued is 6,310 shares," he said in an information disclosure quoted on Tuesday (31/5).

The additional capital will be used to strengthen Velox SEA Ltd's operations. GoTo's portion of ownership in Velox SEA Ltd is 100% through Velox SEA and was formed in 2018 in Singapore. (LK/LM)

 

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