JAKARTA. PT GoTo Gojek Tokopedia Tbk (GOTO) gains IDR 1.5 trillion of fresh funds from divesting its portion in PT Sumber Alfaria Trijaya Tbk (AMRT), the owner of Alfamart and Alfamidi convenience stores.
Jacky Lo, Chief Financial Officer of GOTO, claimed that AMRT’s stock is currently showing a solid performance. It grants GOTO an opportunity to reap the profit from the divestment of AMRT’s shares.
“This divestment is consistent with our long-term plan of focusing on the company’s core business,” Lo explained in the press release.
Lo claimed that for the past years, GOTO and AMRT have worked together closely to create an optimal experience for the users. “Alfamart is one of the leading retailers in Indonesia and one of GOTO’s business partners that share the same vision. We will continue to closely collaborate with Alfamart in the future,” he added.
In today’s first trading session, AMRT’s stock price shifted 10 points higher to IDR 2,590 per share from IDR 2,580 seen at the opening bell. Meanwhile, GOTO’s shares were also seen increasing 2.13% or moving 2 points higher to IDR 96 per share at the end of today’s first trading session. (KR/ZH)