Elang Mahkota Technology stock: Emtek exits Indopay control
Published on 11/06/2026 at 01:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEmtek reshapes its investment portfolio
- Emtek transferred nearly all of Indopay Merchant Services to two buyers and ended its control of the payments company.
- Management said the transaction supports portfolio optimization and will remove Indopay from Emtek's consolidated financial statements.
PT Elang Mahkota Teknologi Tbk transferred nearly all of its stake in PT Indopay Merchant Services on November 2, ending its control of the payments company, according to Kontan.
Control of Indopay ends
Emtek transferred 50 Series A shares and 8,513 Series B shares to PT Maju Investindo Sejahtera. It transferred a further 49 Series A shares and 48,475 Series B shares to Starpay Pte. Ltd.
The shares represented 99.998 percent of Indopay's issued and paid-up capital. After the transaction became effective, Indopay was no longer a controlled subsidiary of Emtek.
Portfolio strategy takes priority
Management described the transaction as part of a broader effort to organize and optimize the investment portfolio. The stated aim is to improve asset management and direct resources more closely toward the group's businesses and long-term objectives.
Emtek said the disposal would not have a materially adverse effect on operations, legal standing, financial condition or business continuity. Indopay will no longer be included in Emtek's consolidated financial statements.
Stock context for investors
EMTK shares traded at 308 Indonesian rupiah on the Jakarta Stock Exchange at 4:12 p.m. Western Indonesian Time on Thursday, November 5, 2026.
Elang Mahkota Technology at a glance
- Company: PT Elang Mahkota Teknologi Tbk
- ISIN: ID1000113905
- Ticker: EMTK.JK
- Latest quote: 308 Indonesian rupiah on Thursday, November 5, 2026, at 4:12 p.m. Western Indonesian Time
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