Indonesian e-commerce giant Bukalapak has responded to a report by local media about a potential acquisition by Chinese e-commerce company TEMU, which circulated earlier this week.

In a letter to the Indonesia Stock Exchange (IDX) reviewed by e27, the company stated that it was “not aware of any information regarding its acquisition plans by TEMU (a China-based company).”

“In relation to the aforementioned response, the company will disclose information in accordance with applicable laws and regulations once it receives verified details regarding the acquisition plan,” wrote Bukalapak Corporate Secretary Cut Fika Lutfi.