Two Top Executives to Resign, How Will GoTo Stock Move?

Market

Lite

Erlina Fury Santika 09/02/2023 17:22 WIB

URL has been copied

Memuat...

Two top GOTO executives are stepping down. Their letters of resignation were submitted on February 6, 2023. What is the current movement of its stock?

Goto Stock Movement January 10 - February 9, 2023

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Two Top Executives to Resign, How Will GoTo Stock Move?

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Goto Stock Movement January 10 - February 9, 2023

Download

Source

A Small Font
A Medium Font
A Bigger Font

Kevin Bryan Aluwi and Anthony Wiyaya, two senior executives of PT GoTo Gojek Tokopedia Tbk (GOTO), have decided to resign from their positions. Kevin was a commissioner of GoTo, while Anthony was a director of the company.

As reported by Katadata, their letters of resignation were received on February 6, 2023. RA Koesoemohadiani, GoTo's Corporate Secretary, declined to state the reasons for Kevin and Anthony's resignations.

GoTo has confirmed that it will comply with the provisions stipulated in POJK 33/2014 and the Company's Articles of Association to hold an Extraordinary General Meeting of Shareholders (EGMS) and seek shareholder approval, which will be held on March 2, 2023.

"This event, according to her, will not have a detrimental impact on the company's business activities and finances," wrote Koesoemohadiani in an information disclosure to the Indonesia Stock Exchange (IDX) on Wednesday (February 8).

Separately, Andre Soelistyo, GoTo's President Director, stated that Kevin will resign from his position as Commissioner of the Company. However, Kevin remains a shareholder with multiple voting rights (SDHSM) in the company.

Meanwhile, Anthony Wijaya resigned from his position as GoTo's Director and will focus on GoTo's e-commerce strategy as Chief Operating Officer of Tokopedia.

So, how has GoTo's stock performed following the announcement of the senior executives' resignations?

According to the Indonesia Stock Exchange (IDX) website, over the past month (since January 10, 2023), the stock with the code GOTO reached its lowest point on January 11, 2023, at Rp94 per share.

GOTO gradually strengthened to Rp105 on January 13, 2023. Afterward, it remained relatively stable above Rp100. On February 2, 2023, it reached Rp124 per share.

However, as of today's trading (February 9, 2023), it has dropped to Rp112 per share. The IDX recorded a GOTO weakening of -6.67%.

Despite this, GOTO is among the most actively traded stocks, with a value reaching Rp544.4 billion. Its volume also reached 4.6 billion shares.

(See also: How much stock does Kevin Aluwi own, who will become a commissioner at GoTo?)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."