November 13, 2025 | 07:41 am
TEMPO.CO, Jakarta - GoTo clarifies the news regarding the issue of replacing their Chief Executive Officer, Patrick Walujo, who was rumored to be replaced in connection with the merger plan between Gojek and Grab. Corporate Secretary of PT GoTo Gojek Tokopedia Tbk R A Koesoemohadiani, stated that the plan for the Extraordinary General Meeting of Shareholders (RUPSLB) on December 17, 2025 is not related to any corporate action plan.
"The implementation of RUPSLB is part of good corporate governance and should not raise concerns," said Koesoemohadiani in a written statement submitted to the Indonesia Stock Exchange (IDX) on Tuesday, November 11, 2025.
He explained that the agenda for RUPSLB will be presented by the company on November 25, 2025 after a thorough review process by the board of directors, board of commissioners, and relevant committees of the Company. The Chief Executive Officer, board of directors, and management are fully committed to acting professionally and prioritizing the interests of the company and all stakeholders.
GoTo also states that the information about a US$300 million escrow fund in Singapore related to the strategic transaction plan between GoTo and Grab, as well as speculation about the buyout of GoTo shares owned by Telkomsel, is false. "The company emphasizes that this information is untrue and misleading," said Koesoemohadiani.
Previously, the issue of the merger between GoTo and Grab emerged since early 2025. Despite denials from the management of both companies, the State Secretary Prasetyo Hadi revealed that the plan became one of the topics discussed in a cross-ministerial and institutional forum.
However, Koesoemohadiani stated that there has been no decision regarding the merger. "The company conveys that as of now, there have been no decisions or agreements made regarding this matter," he said.
He stated that the company has no material corporate action plan in the next 12 months apart from the implementation of the Share Buyback for the period of 2025-2026 and the transfer of shares resulting from the Share Buyback for the period of 2024-2025 which was approved at the RUPSLB of the Company on June 18, 2025. This also includes the holding of the upcoming RUPSLB on December 17.
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