Indonesia tech firm GoTo seeks approval to issue 118.44bln shares


FILE PHOTO: Gojek driver helmets are seen during Go-Food festival in Jakarta, Indonesia, October 27, 2018. REUTERS/Beawiharta/File Photo

JAKARTA (Reuters) - Indonesia's biggest tech company PT GoTo Gojek Tokopedia Tbk intends to issue a maximum amount of 118.44 billion of shares worth around 10% of its total capital through a private placement.

The private placement will be put forward for shareholder approval at GoTo's annual general meeting on June 28th, it said in a statement on Friday.

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