Elang Mahkota Teknologi stock adds to Bukalapak stake for investment

PT Elang Mahkota Teknologi Tbk reported on October 28 that it had accumulated shares in e-commerce company PT Bukalapak.com Tbk for investment purposes. Bisnis.com reported the disclosure on October 29.

Emtek bought 188.70 million Bukalapak shares on September 22 and a further 424.44 million shares on October 23. The two transactions totaled 613.14 million shares and lifted Emtek's direct holding from 10.49% to 11.08%. The company said the purchases were made for investment and confirmed that it was not Bukalapak's controlling shareholder.

Investment adds digital exposure

The transaction strengthens Emtek's exposure to Indonesia's digital economy through Bukalapak, while leaving the group's broader portfolio unchanged. The disclosure identifies the purchases as an investment rather than a change in control or a takeover proposal.

PT Elang Mahkota Teknologi Tbk stock traded at 296 IDR on the Indonesian market at 09:12 UTC on Friday, October 30, 2026.

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Emtek's diversified operating model

EMTEK is an Indonesian integrated group with businesses spanning media and digital, healthcare, financial services and technology and digital infrastructure. Its media operations include free-to-air television, online media, content production and distribution, while its other activities include hospitals, telecommunications solutions, banking, payments and e-commerce. The company positions itself as one of Indonesia's leading media groups, with a broader mix of digital and service businesses than a pure-play broadcaster.

Indonesia's equity market is covered through Current market reports.

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