Many Sell GOTO Shares; Here's the Shareholder Composition at the End of April 2023

Major shareholders of PT GoTo Gojek Tokopedia (GOTO) have been frequently divesting their shares.

Most recently, the Government of Singapore divested 125.95 million shares on Monday, May 8, 2023, as published by the Indonesia Central Securities Depository (KSEI) and cited by *CNBC Indonesia*.

This sale reduced the Singaporean government's ownership to 63.71 billion shares, or 5.38%.

This was not the first time the Singaporean government divested shares in GOTO in May 2023. On May 4, 2023, it sold 624.04 million shares, reducing its ownership to 64.87 billion shares or 5.48%.

On April 30, 2023, its shareholding was still 65.50 billion shares, or 5.53%.

(See also: GoTo's Losses Swell in 2022, Exceeding Grab and Sea Ltd's Losses)

Not only the Singaporean government, but other major investors have also been divesting GOTO shares. As reported by *Katadata*, Goto Peopleverse Fund (GPF) also reduced its stake in the largest technology issuer by market capitalization.

GPF divested 189.16 million shares, equivalent to 0.02% of GOTO shares. The remaining shares amount to 77.47 billion shares, or 6.54%, down from 77.66 billion shares or 6.56% on April 28, 2023.

Before these share divestments, what was the shareholding composition of GOTO?

Data from RTI Business shows that the last updated shareholding composition was on April 30, 2023. There has been no update since major investors divested their shares.

As of that date, the public held the largest number of shares, with 761.95 billion shares, or 64.33% of the total shares.

The second largest shareholder was Taobao China Holding Limited, with 104.73 billion shares, or 8.84% of the total shares.

Third place was held by SVF GT Subco (Singapore) Pte. Ltd. with 92.25 billion shares, or 7.78%. Fourth was GPF with 77.66 billion shares, or 6.55%.

The Government of Singapore was fifth, with 65.5 billion shares, or 5.53%. The remaining shares were held by investors with holdings of 2% or less.

(See also: GoTo's Transaction Value Reaches Rp613 Trillion in 2022, Fintech Segment Still Dominates)

The following is the shareholding composition of GOTO as of April 30, 2023:

* Public: 761,955,441,530 shares
* Taobao China Holding: 104,731,124,993 shares
* SVF GT Subco Singapore: 92,250,567,728 shares
* Goto Peopleverse Fund: 77,663,814,523 shares
* Government of Singapore: 65,502,428,625 shares
* PT Saham Anak Bangsa: 26,888,988,841 shares
* William Tanuwijaya (Controlling/P): 12,588,634,432 shares
* William Tanuwijaya (P): 8,393,044,541 shares
* Andre Soelistyo (P): 6,734,025,100 shares
* Kevin Bryan Aluwi (P): 5,790,223,535 shares
* Melissa Siska Juminto (P): 3,993,358,227 shares
* Kevin Bryan Aluwi (P): 3,272,789,432 shares
* Andre Soelistyo (P): 3,247,530,184 shares
* Melissa Siska Juminto (P): 1,087,292,195 shares
* Treasury Shares: 10,264,665,616 shares
* Total: 1,184,363,929,502 shares

(See also: GoTo's Revenue Increased in Q1 2023, Losses Decreased by 40%)