What Triggers Telkomsel’s Losses in GoTo Investments – Cover Story

Cover Story

Telkomsel’s corporate action to buy GOTO shares drew the spotlight after its parent company, Telkom, reported an unrealized loss of Rp 881 billion. Various irregularities have emerged since the telecommunications company signed an investment agreement with Gojek. One of them concerns the conversion of bonds into shares prior to the initial public offering on the Indonesia Stock Exchange. It is suspected that it creates a conflict of interest and is detrimental to independent shareholders.

1 day ago