Matahari, Hypermart & new shares

PT Matahari Putra Prima Tbk (MPPA), Indonesia's biggest retailer by market value, today plunged 7.78% to Rp1,540 per share, while its controlling shareholder PT Multipolar Tbk (MLPL) dropped 6.15% to Rp305.

The steep drops were following Matahari's statement to retain and further expand its Hypermart Food Retail business as a wholly-owned business division of the company. Please login or register to read the remaining story.    

Disclosure: No position at the stock mentioned above.  

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