Jakarta - PT GoTo Gojek Tokopedia Tbk (GOTO) plans to increase its capital with preemptive rights by issuing 118.43 billion new series A shares, or a maximum of 10% of the issued and paid-up capital in the company.

Based on the company's information disclosure on Monday (5/23), the annual GMS will be held on June 28, 2022.

The rights issue plan is aimed at developing the company's business activities and strengthening its capital position.

Through this plan, GOTO is expected to obtain alternative sources of funding for the benefit of companies and business entities.

GOTO will use the rights issue proceeds to support the company's working capital needs, PT Tokopedia, and PT Dompet Anak Bangsa.

The issuance of new shares will increase the number of shares issued by the company, which is expected to increase stock trading liquidity. The implementation also provides additional funds for the company to support the development