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Rachmat Kaimuddin Resigns from CEO of Bukalapak, OPEN’s Shares Are Going Down!

Muhammad Rachmat Kaimuddin reportedly resigned from his position as CEO Bukalapak. Management of PT Bukalapak.com Tbk (OPEN) deliver, letter of resignation application Rachmat Kaimuddin received on Tuesday, December 28, 2021.

“The resignation request will be made by taking into account the provisions of Bukalapak’s articles of association and the applicable laws and regulations,” he concluded on Wednesday, December 29, 2021. Also Read: Still the Age of Corn, Rachmat Kaimuddin Resigns from the Position of the President Director of Bukalapak

Rachmat Kaimuddin’s tenure as CEO of Bukalapak is still relatively old. He only effectively served as CEO of Bukalapak in January 2021 and then replaced Ahmad Zaky.

Along with this news, the price share coded as OPEN, it was observed that it collapsed. Launching from RTI, BUKA’s share price corrected -0.93% to a level of Rp426 per share at the close of the first session, Wednesday, December 29, 2021. Prior to closing, BUKA’s share price touched its lowest level of Rp422 per share.

In a further range, the share price of BUKA recorded a decline of up to -16.47% in a month. The correction was equivalent to -52.67% in the last three months. OPEN was first listed on the IDX through an IPO on July 26, 2021. At that time, the price was IPO BUKA’s shares are pegged at Rp850 per share. BUKA’s share price moved wildly until it penetrated the level of Rp. 1,110 per share in August 2021.

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