Jakarta, CNBC Indonesia – In the midst of the selling pressure that hit PT GoTo Gojek Tokopedia Tbk (GOTO) shares after the end of the pre-IPO investor freeze until they recorded a lot of Lower Auto Reject (ARB) volume, an investor strategic with ownership of more than 5% has emerged.
Referring to the announcement of more than 5% share ownership of the Exchange effective 2 December 2022, is the name of the Government of Singapore which holds 68,710,744,883 GOTO shares or the equivalent of 5.8%.
The emergence of Singapore’s government name as a greater than 5% shareholder also coincides with the end of the lock-up period for the shares of the country’s highest-rated tech startups.
However, it is not known for certain what the purchase price of the GOTO shares was by the Government of Singapore and in the regular market or the traded market for the purchase of the GOTO shares. But taking into account the large number of transactions in the trading market, it is possible that GOTO shares were bought there.
Before the Government of Singapore name appeared as a greater than 5% shareholder in GOTO, there were several names listed as the largest shareholder in GOTO.
The first is the Goto Peopleverse Fund with a 9.03% ownership. Furthermore, there is SVF GT Subco (Singapore) Pte Ltd with 8.71% ownership and Taobao China Holding Limited with 8.84% ownership.
Since the lock-up period ended on November 30, 2022, the ARB has effectively affected GOTO’s share price. As a result, GOTO’s share price decreased by 23.8% throughout December 2022.
In today’s trading, Tuesday (6/12/2022), GOTO shares traded again, down 6.5% and hit by ARB to hit an all time low at IDR 115/unit.
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It had strengthened in session 1, today’s JCI finished weak
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