Participation in local rights issue underscores tech giants' interest in finance
JAKARTA — A host of leading tech companies in Southeast Asia are set to invest in an Indonesian lender, marking the latest entry of major players from that sector into the country’s banking industry.
Indonesian tech giant Bukalapak will subscribe to a planned 4.8 trillion rupiah ($335 million) rights issue by local lender Allo Bank, the bank said in a statement to the Indonesia Stock Exchange on Monday.
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