- Bukalapak denies Temu acquisition rumors
- Stock surges on speculation
- Company urges caution, emphasizes stable operations
Rumor mill churns
Bukalapak, the Indonesian e-commerce giant, responded to swirling rumors about a potential acquisition by Temu. The company issued a statement to the Indonesia Stock Exchange (IDX) following a speculative report published by a local media outlet Market.
Steady hands at the helm
In its statement, Bukalapak emphasized its lack of awareness regarding any acquisition plans by Temu.
In its statement, Bukalapak emphasized its lack of awareness regarding any acquisition plans by Temu.
The company assured stakeholders that any pertinent information would be disclosed in accordance with regulations once details emerge. Management urged caution, advising shareholders to await official announcements before making investment decisions.
Business as usual
Despite the market buzz, Bukalapak maintained that no significant undisclosed events or information could impact its sustainability or share prices. This assertion suggests the company’s operations remain stable amidst the speculation.
However, the rumors had already triggered a significant surge in Bukalapak’s stock price on Monday.
