Shares of Indonesia-listed technology group PT GoTo Gojek Tokopedia Tbk declined nearly 7% in early trade on Thursday after the company decided not to pursue the plan for a coordinated secondary offering of shares after a lock-up period ends on Nov 30.
GOTO shares hit a fresh low and opened at 141 rupiah apiece on Thursday, down 6.62%. Trading in the stock was suspended for the day after it hit the lower circuit.
