This is the Shareholder Structure of GOTO as of July 2024

Based on data from the Indonesia Stock Exchange (IDX), as of July 2024, 939.81 billion shares of PT GoTo Gojek Tokopedia Tbk (GOTO) held by the public were in dematerialized or electronic form. This represents 78.23% of GOTO's total outstanding shares.

Meanwhile, public-held shares in certificate or physical document form amounted to 2.85 billion shares (0.24%). Outside of public ownership, GOTO shares are held by several companies and the directors and commissioners of the technology company.

SVF GT Subco Pte Ltd from Singapore holds more than 5% (7.58%) or 91.10 billion shares during the same period.

Following SVF GT Subco Pte Ltd is Taobao China Holding Ltd with 88.53 billion shares (7.37%). Next is PT Saham Anak Bangsa, also a controlling shareholder (P), with 26.88 billion shares or 2.24%.

Then there are several former GOTO officials such as William Tanuwijaya (P) with 12.58 billion shares; Andre Soelistyo (P) with 6.73 billion; William Tanuwijaya (P) with 4.63 billion; and Melissa Siska Juminto (P) with 3.99 billion shares.

There are also several new executives, including Garibaldi Thohir with 1.05 billion shares; Wei-Jye Jacky Lo with 652.55 million; Hans Patuwo with 574.82 million; Catherine Hindra Sutjahyo with 493.71 million; Sugito Walujo with 365.75 million; and Pablo Malay with 247.85 million shares.

The following is the shareholder structure of GOTO effective July 31, 2024:

* SVF GT Subco: 91,102,207,128 shares
* Taobao China Holding: 88,531,124,993 shares
* PT Saham Anak Bangsa (P): 26,888,988,841 shares
* William Tanuwijaya (P): 12,588,634,432 shares
* Andre Soelistyo (P): 6,734,025,100 shares
* William Tanuwijaya (P): 4,636,318,091 shares
* Melissa Siska Juminto (P): 3,993,358,227 shares
* Kevin Bryan Aluwi (P): 3,272,789,432 shares
* Andre Soelistyo (P): 2,249,374,184 shares
* Melissa Siska J. (P): 1,087,292,195 shares
* Garibaldi Thohir: 1,054,287,487 shares
* Wei-Jye Jacky Lo: 652,554,166 shares
* Hans Patuwo: 574,829,533 shares
* Catherine Hindra Sutjahyo: 493,717,692 shares
* Sugito Walujo: 365,750,000 shares
* Pablo Malay: 247,851,117 shares
* Agus D.W. Martowardojo: 169,585,462 shares
* Treasury Stock (previously sold to the public and then repurchased by the company): 14,089,665,616 shares
* Public (Certificate): 2,858,899,747 shares

GOTO Closes Gojek Operations in Vietnam

PT GoTo Gojek Tokopedia Tbk (GOTO) announced it will cease Gojek's operational activities in Vietnam on September 16, 2024. According to *Katadata*, GOTO management explained that the company has made a strategic business decision to sharpen its focus on developing and strengthening operational activities that can deliver significant and sustainable growth potential.

"This is in line with GoTo's commitment to driving long-term business growth," wrote GOTO management on Wednesday (September 4, 2024).

Analysts believe this decision will have a positive impact on the company's performance, potentially reducing existing losses.

MNC Securities analyst Rudy Setiawan said that GOTO's closure of its on-demand service (ODS) business in Vietnam could accelerate the company's achievement of its profitability targets. This move is expected to allow GOTO to focus more on improving service quality in Indonesia.

“GOTO's digital ecosystem in Indonesia is already complete. ODS is complemented by fintech and also partners with e-commerce. The potential for cross-selling between business units allows for more optimal monetization and is positive for the bottom line,” said Rudy in his official statement on Thursday (April 9, 2024).

Rudy also explained that GOTO has a strong foundation in Indonesia, understanding consumer characteristics. Specifically in the ODS segment, he cited the innovation of the HEMAT service. With HEMAT, GOTO's customer base has grown double digits both quarterly and annually. Not only that, but driver productivity has also increased.

"With the larger, more profitable Indonesian market and GOTO's market-leading position, it is sufficient to lead GOTO to profitability with a more focused and targeted approach," he said.

(See also: [GOTO's Losses Decrease by 62.3% to Rp2.69 Trillion in the First Half of 2024](https://databoks.katadata.co.id/datapublish/2024/07/31/kerugian-goto-turun-623-jadi-rp269-t-pada-semester-i-2024))