PT Matahari Putra Prima Tbk acquired an unknown additional minority stake in PT Global Ecommerce Indonesia for approximately IDR 120 billion.

PT Matahari Putra Prima Tbk is an Indonesia-based retail business. The Company conducts its business operation in the form of hypermarket and supermarket chain providing various products such as daily necessities products to electronics. It operates Hypermart, Foodmart, Hyfresh, and Boston Health & Beauty stores in approximately 196 locations in Jakarta and other cities in Indonesia. Through its Foodmart Fresh and premium Foodmart Primo supermarket formats, the Company focuses on fresh foods, bakery, ready-to-eat (RTE) products as well as a wide variety of local and international products. Boston HBC offers a comfortable and modern health & beauty store concept with additional health consultation services at selected stores. The Company also operates Hypermart Online, an e-commerce platform.