Softbank Subsidiary Releases GOTO Of Up To IDR 1.1 Trillion, Shares Directly ARB

JAKARTA - The global giant investment company, Softbank, through its subsidiary SVF GT Subco, has released shares of PT Goto Gojek Tokopedia Tbk (GOTO) with the amount of jumbo. The transaction occurred in the period March 2023.

SVF GT Subco is recorded to own GOTO shares of up to 8.71 percent from the time of the IPO until the end of February 2023. From the latest data, the portion of foreign companies fell to 7.79 percent.

Quoting information disclosure, Monday, April 10, in the monthly report on the registration of securities holders, SVF GT Subco released GOTO shares of up to 10.83 billion shares or 10.5 percent. If the average GOTO share price is IDR 110 throughout March 2023, then the amount of funds obtained by SFV GT Subco reaches IDR 1.19 trillion.

Until the end of February 2023, SFV GT Subco still owns 103.12 billion GOTO shares. Now, at the end of February 2023 the Singapore-based company owns 92.29 billion GOTO shares.

From VOI's observation, GOTO's share price in today's trading touched the bottom auto reject point (ARB) down Rp7 or 6.93 percent to Rp94. The transaction frequency reached 32,337 and the trading volume was 35.3 million.

As is known, the loss of PT GoTo Gojek Tokopedia Tbk (GOTO) has swelled again to Rp40.4 trillion throughout 2022. The loss is estimated to have an impact on investment in GOTO, including PT Telkom Indonesia (Persero) Tbk (TLKM) through PT Telkomsel.

If you look at GOTO's financial statements, GOTO's 2022 net loss swelled by 55.98 percent compared to 2021 which amounted to IDR 25.9 trillion. This is due to several aspects of non-finished or events that have only been carried out once, which do not reflect the company's core business performance.

In fact, his net income shot to IDR 11.3 trillion in 2022, an increase of 120 percent from IDR 5.2 trillion in 2021. Supported by GTV which also jumped 33 percent to IDR 613 trillion.