KONTAN.CO.ID- JAKARTA. PT GoTo Gojek Tokopedia Tbk (GOTO) has announced that TikTok has officially completed its investment transaction in PT Tokopedia. In connection with this, TikTok has also reshuffled the board of directors of Tokopedia. As known, PT Tokopedia issued new shares to be paid by TikTok worth US$ 840 million. Thus, TikTok officially holds 75.01% of the shares or equivalent to 38.18 million Tokopedia shares. Meanwhile, GOTO still holds 24.99% of PT Tokopedia's shares. As a result, with this investment, TikTok becomes the new controller for Tokopedia and GOTO's dominance is further reduced.
Officially Becoming the Controller, TikTok Restructures the Board of Directors of Tokopedia
KONTAN.CO.ID- JAKARTA. PT GoTo Gojek Tokopedia Tbk (GOTO) has announced that TikTok has officially completed its investment transaction in PT Tokopedia. In connection with this, TikTok has also reshuffled the board of directors of Tokopedia. As known, PT Tokopedia issued new shares to be paid by TikTok worth US$ 840 million. Thus, TikTok officially holds 75.01% of the shares or equivalent to 38.18 million Tokopedia shares. Meanwhile, GOTO still holds 24.99% of PT Tokopedia's shares. As a result, with this investment, TikTok becomes the new controller for Tokopedia and GOTO's dominance is further reduced.