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Grab Buys 4% Stake in Indonesian Tech Firm Emtek


Grab Buys 4% Stake in Indonesian Tech Firm Emtek
Straits Times Singapore-based ride-hailing company Grab has bought a stake in Indonesian technology and media conglomerate Emtek, a signal that their digital payment firms OVO and DANA may be merged.
Softbank-backed Grab bought a stake of around 4%, valued at more than 4 trillion rupiah ($273 million), in a recent private placement sale of Emtek shares, a person who helped with the transaction told The Straits Times.
On April 5, Emtek announced it had completed a 9.3 trillion rupiah private placement, with Naver Corp., South Korea’s largest web search engine, and an investment company called H Holdings Inc. being the buyers of the shares that represent about 8.4% of the company’s enlarged capital. ....

South Korea , Eddy Sariaatmadja , Anthoni Salim , Sutanto Hartoto , Michael Bellart , Efh Holdings Inc , Indonesia Stock Exchange , Bank Jago , World Bank , Bank Aladin , Naver Corp , Bank Kesejahteraan Ekonomi , Sea Ltd , Wah Holdings , Straits Times , Indonesia Stock , Managing Director Sutanto Hartoto , தெற்கு கொரியா , அந்தோணி சலீம் , இந்தோனேசியா ஸ்டாக் பரிமாற்றம் , வங்கி ஜாகோ , உலகம் வங்கி , கடல் லிமிடெட் , ஏச் ஹோல்டிங்ஸ் , நீரிணை முறை , இந்தோனேசியா ஸ்டாக் ,

Grab buys 4 per cent stake in Indonesian tech firm Emtek


JAKARTA (The Straits Times/ANN): Singapore-based ride-hailing company Grab has bought a stake in Indonesian technology and media conglomerate Emtek, a signal that their digital payment firms - OVO and DANA - may be merged.
Softbank-backed Grab bought a stake of around 4 per cent, valued at more than 4 trillion rupiah (S$366 million), in a recent private placement sale of Emtek shares, a person who helped with the transaction told The Straits Times.
On April 5, Emtek announced it had completed a 9.3 trillion rupiah private placement, with Naver Corporation, South Korea s largest web search engine, and an investment company called H Holdings Inc being the buyers of the shares that represent about 8.4 per cent of the company s enlarged capital. ....

South Korea , Jakarta Raya , Eddy Sariaatmadja , Anthoni Salim , Sutanto Hartoto , Efh Holdings Inc , Indonesia Stock Exchange , Bank Jago , Naver Corporation , World Bank , Bank Aladin , Bank Kesejahteraan Ekonomi , Straits Times Asia News Network , Sea Ltd , Wah Holdings , Indonesia Stock , Straits Times , Asia News , தெற்கு கொரியா , ஜகார்த்தா ராய , அந்தோணி சலீம் , இந்தோனேசியா ஸ்டாக் பரிமாற்றம் , வங்கி ஜாகோ , உலகம் வங்கி , நீரிணை முறை ஆசியா செய்தி வலைப்பின்னல் , கடல் லிமிடெட் ,

Grab may merge e-money arm OVO with Indonesia's DANA after taking 4% stake in its parent firm Emtek


The Straits Times
Grab buys 4% stake in Indonesian tech firm Emtek
Grab bought a stake of around 4 per cent in a recent private placement sale of Emtek shares.PHOTO: ST FILE
https://str.sg/JyWm
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South Korea , Jakarta Raya , Eddy Sariaatmadja , Anthoni Salim , Sutanto Hartoto , Efh Holdings Inc , Indonesia Stock Exchange , Bank Jago , Naver Corporation , World Bank , Bank Aladin , Bank Kesejahteraan Ekonomi , Sea Ltd , Wah Holdings , Indonesia Stock , Straits Times , தெற்கு கொரியா , ஜகார்த்தா ராய , அந்தோணி சலீம் , இந்தோனேசியா ஸ்டாக் பரிமாற்றம் , வங்கி ஜாகோ , உலகம் வங்கி , கடல் லிமிடெட் , ஏச் ஹோல்டிங்ஸ் , இந்தோனேசியா ஸ்டாக் , நீரிணை முறை ,