Latest ARTHA News
Nov 24, 2021
Stockbit obtains OJK'S approval to acquire Mahakarya Artha Sekuritas 26 minutes ago An illustration of Stockbit Sekuritas, new name of PT Stockbit Investa Bersama (Stockbit) after acquiring PT Mahakarya Artha Sekuritas. (Stockbit) We would like to thank OJK for assisting us in the entire process. Thank you for supporting our commitment in providing an easy, safe, and trusted online investment platform to our friends in Indonesia Jakarta (ANTARA) - The Financial Services Authority (OJK) given its approval to PT Stockbit Investa Bersama (Stockbit) to acquire PT Mahakarya Artha Sekuritas (broker code XL), a securities company that is a member of the Indonesia Stock Exchange. Through the acquisition, which will be completed in the near future, Mahakarya Artha Sekuritas will change its name to Stockbit Sekuritas. “We would like to thank OJK for assisting us in the entire process. Thank you for supporting our commitment in providing an easy, safe, and trusted online investment platform to our friends in Indonesia,” co-founder Stockbit Wellson Lo noted in a press statement issued here on Wednesday. “We would like also to thank all of the Stockbit users. We aspire to provide our users with a convenient and excellent investment experience on Stockbit,” Lo emphasized. Established in 1989, PT Mahakarya Artha Sekuritas is a licensed local securities company with extensive experience in the capital market. PT Mahakarya Artha Sekuritas president director Megawati Soewardi also expressed excitement about such an acquisition. “Similarity of vision in increasing financial inclusion through investment in the capital market is the main reason we are doing what we are doing. We believe that all users and prospective investors will benefit from better digital services in future,” Soewardi remarked. The acquisition will allow the company to strengthen and expand its team in order to tackle various challenges in the industry, she noted. Meanwhile, current investors, who invest through PT Mahakarya Artha Sekuritas, do not need to worry, for they could invest with no hassle and gain more benefits through Stockbit’s capability in the digital aspect, she expounded. On the other hand, Lo emphasized Stockbit’s commitment to innovating and incorporating world-class technology to benefit their users. The main focus of this acquisition is increasing the quality of the online trading platform as well as maintaining the security standards and protecting the privacy of users, he added. “We expect that by providing a modern yet simple online stock trading platform, people would be encouraged to invest in the capital market. Stockbit wants to contribute to this nation through increasing the number of investors and supporting the national economy. To educate first-time investors, we have recently launched the Stockbit Academy as a professional stock learning platform, which can be used for free,” Lo explained. In Indonesia, the number of stock investors has increased significantly over time. In the early 2016, there were only 434 thousand stock investors in Indonesia. By the end of October 2021, the number has reached 3.1 million. In response to this positive trend, Stockbit expressed its commitment to opening broader access to people, especially members of the younger generation, to invest in the capital market.