JAKARTA. PT Matahari Putra Prima Tbk (MPPA), a retail issuer that operates the Matahari and Hypermart store networks, has distributed additional capital to one of its subsidiaries, namely PT Matahari Super Ekonomi (MSE).

Mirtha Sukanto, Corporate Secretary of MPPA, said that the additional capital provided by the company to MSE was IDR 7.5 billion. This is equivalent to 7.5 million new shares issued by MSE.

This additional capital means that MMPA's total issued and paid-up capital in MSE has increased to IDR 9.98 billion, from the previous 2.48 billion. Meanwhile, the ownership portion remains at 99.9%.

Please note, MSE is one of MPPA's subsidiaries which operates in the retail sector. MSE was founded in 1994, but since June 30, 2024 MSE has not been operating actively or has dormant status.

According to idnfinancials.com data, MPPA had total assets of IDR 3.45 trillion at the end of the first semester (1H) 2024, with cash and cash equivalents of IDR 198.48 billion. Meanwhile, total equity was recorded at IDR 201.78 billion. (KR/LM)