CEO of Indonesia e-commerce firm Bukalapak to step down [Reuters (UK)]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
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Source: Reuters
CEO of Indonesia e-commerce firm Bukalapak to step down - Reuters 2 Min Read JAKARTA Dec 9 (Reuters) - Indonesian e-commerce firm Bukalapak announced on Monday that chief executive and co-founder Achmad Zaky will be stepping down from his role in January 2020 and will be replaced by financier Rachmat Kaimuddin. The startup, which was valued at over $2.5 billion during its last fundraising round in October, is backed by Singapore sovereign wealth fund GIC Pte Ltd, China’s Ant Financial, and Korea’s Shinhan Financial Group Co Ltd. Bukalapak said in a statement that Zaky would be replaced from Jan. 6 by Kaimuddin, a finance executive who most recently was director of finance and planning for Indonesia’s Bank Bukopin. Zaky will establish a foundation and remain on as advisor, the firm said. Other co-founders Fajrin Rasyid and Nugroho Herucahyono will stay on as president and chief technology officer. Surging smartphone use and rising middle-class income in a country of 260 million people
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News
- Shinhan Financial Group files its FY2023 Form 20-F to the SECPR Newswire
- EQT AB (publ) Q1 Announcement 2024 [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group Co., Ltd. (NYSE: SHG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment [BNN Bloomberg (Canada)]BNN Bloomberg
- Is Shinhan Financial Group Co (SHG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
SHG
Sec Filings
- 4/19/24 - Form 6-K
- 4/18/24 - Form 20-F
- 4/18/24 - Form 6-K
- SHG's page on the SEC website