Kreatif Media Karya (KMK), a subsidiary of Emtek Group, has increased its stake in PT Bukalapak.com Tbk (BUKA) through a share acquisition on Feb. 24, 2025.

KMK acquired 9.73 billion shares at 138 rupiah (US$0.01) per share, lower than the previous closing price of 157 rupiah (US$0.01).

The total transaction value reached 1.34 trillion rupiah (US$81.88 million).

This acquisition raises KMK’s ownership in BUKA from 24.61% to 34.05%, an increase of 9.44%. KMK now controls 35.12 billion shares.

According to BUKA’s Corporate Secretary, Cut Fika Lutfi, the acquisition aligns with KMK’s investment goals.

KMK serves as the digital business unit of PT Elang Mahkota Teknologi Tbk, known as the Emtek Group.

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