JAKARTA – Kreatif Media Karya (KMK) has further strengthened its position as the controlling shareholder of PT Bukalapak.com Tbk (BUKA) by acquiring 9.73 billion shares in a major transaction conducted on 24 February 2025.

The transaction was carried out at an execution price of IDR 138 per share, below Monday’s (24/2) closing price of IDR 157, bringing the total value of the acquisition to IDR 1.34 trillion.

Following this corporate action, KMK’s ownership in BUKA has surged significantly. Previously holding 25.38 billion shares or a 24.61% stake, KMK’s shareholding has now expanded to 35.12 billion shares, representing 34.05% of the total outstanding shares. With this 9.44% increase, KMK further cements its dominance in BUKA’s ownership structure.

Cut Fika Lutfi, Corporate Secretary of BUKA, stated in an official release on Tuesday (25/2) that this acquisition was made for investment purposes, with direct ownership of the shares.

PT Kreatif Media Karya is known as the digital business arm of PT Elang Mahkota Teknologi Tbk (EMTK) or the Emtek Group. (EF/ZH)