PT GoTo Gojek Tokopedia Tbk (GO TO), announced today that the company has completed the sale of its shares in PT Sumber Alfaria Trijaya Tbk (Alfamart) worth IDR 1.5 trillion. GOTO itself has a minority stake in Alfamart.
GOTO Group CFO Jacky Lo said Alfamart’s shares have shown a strong performance, thus providing the company with an opportunity to make significant profits from GOTO’s minority investment.
“This divestment is consistent with our long-term strategy to focus on the company’s core business, as we have described previously, including the presentation of its third quarter 2022 performance in mid-November,” it said in a written statement, Wednesday ( 12/14/2022).
Jacky Lo also explained that his party has worked closely with Alfamart management over the past few years in various partnerships, where both parties have created an optimal experience for consumers and expanded access to financial services for the indonesian people.
Opening, GOTO RA Corporate Secretary Koesoemohadiani said there has been no negative impact on the company’s operations, law, financial condition and going concern.
Also watch the video: GoTo-Ruangguru follows, here is a list of RI companies making layoffs