PT Elang Mahkota Teknologi Tbk (EMTK) stated that H Holdings Inc has subscribed for the new shares issued by the company through additional capital without pre-emptive rights, or private placement which was implemented on March 31, 2021.

H Holdings Inc is an affiliate of Grab Holdings Inc. H Holdings Inc's share ownership in the company is 4.6% of the shares issued by the company.

"When the company decided to issue shares in order to get additional capital to develop its business in the digital, media and health service sectors, Grab expressed its interest in participating, which was eventually realized through investment by H Holdings Inc," said EMTK Corporate Secretary, Titi Maria. Rusli in the IDX disclosure on Tuesday (20/4).

Furthermore, a closer relationship between the company and Grab can create opportunities to invest in existing businesses and new businesses that intersect with the interests of the company and Grab.

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