Heaptalk, Jakarta — The former Commissioner and Co-Chairman of PT GoTo Gojek Tokopedia (GoTo), William Tanuwijaya, reportedly augmented the stock ownership of GoTo by buying substantial amounts, approximately 1.06 billion Series A stock of GoTo.
However, there is no detailed information regarding the period and price of the shares that William bought. However, IDX data shows that GoTo shares are trading in the price range of Rp51 – Rp58 in June 2024. William is estimated to have spent around US$3.2 million (Rp3.3 billion) if he assumed a Series A stock purchase using the lowest price.
According to the Monthly Report of GoTo Securities Holder Registration in Indonesia’s Stock Exchange (IDX) as of June 30th, 2024, this digital ecosystem company’s Series A share ownership by William Tanuwijaya increased by around 8.36 billion (0.7%) shares, compared to the former of only 7.29 billion (0.61%) shares at the end of May 2024. On the other hand, William still possesses GoTo Series B or Multiple Voting Share (MVS) shares of around 12.58 billion (1.05%), together with four other shareholders.
As is known, William’s action in the GoTo share buyback was carried out after he no longer served as the company’s commissioner. Moreover, control of Tokopedia was also handed over to TikTok’s parent company, ByteDance. Nevertheless, William’s strategic move in buying GoTo shares in large quantities is claimed to be his optimism regarding the future performance of GoTo shares.
Previously, the ex-Founder of Tokopedia also unleashed GoTo shares in December and October last year in several periods, with a total of 1.096 billion GoTo shares, representing about US$5.94 million (around Rp. 96.3 billion) from two its share trading.
In the first share disposal phase on October 9th -13th, 2023, he released GoTo’s series A stock of about 332.22 million shares, representing 0.03% of GoTo’s issued capital. As a result, William is estimated to receive fresh funds worth US$1.6 million, or equivalent to Rp26.2 billion. While in the second phase of trading on December 14th – 18th, 2023, he also unleashed about 764.5 of Series A stock, representing 0.06% of the capital issued.
“This transaction aims to shell out credit facilities,” William said, cited in Bisnis.
