MPPA increases stake in MatahariMall.com to 10%
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With the acquisition, MPPA hopes to benefit from wider access to e-commerce as its development will remain strong this year. The Company views e-commerce in Indonesia is an enormous market and will continue to grow.
The investment and partnership with MatahariMall.com is a new opportunity to foster O2O e-commerce components that encourage the sale contribution in the future. The relationship will improve MPPA’s position as the leading multi-format modern retailer in Indonesia, as well as contribute to a sound financial outlook going forward. MPPA takes advantage to secure a new opportunity to display and market the Company’s exclusive brand throughout Indonesia via e-commerce.
Questions & Answers
Q.What is MPPA's new total stake in MatahariMall.com after this transaction?
What is MPPA's new total stake in MatahariMall.com after this transaction?
Following this share purchase, MPPA's total shares in MatahariMall.com have increased to 15,728,152. This acquisition means their total stake now equals 10% of the company.
Q.How does MPPA expect to benefit from this increased investment in MatahariMall.com?
How does MPPA expect to benefit from this increased investment in MatahariMall.com?
MPPA anticipates gaining wider access to e-commerce, which it believes will continue to develop strongly this year. This partnership also fosters O2O e-commerce components, aiming to boost future sales contributions.
Q.What is one strategic advantage MPPA expects from this e-commerce investment?
What is one strategic advantage MPPA expects from this e-commerce investment?
MPPA sees this as an opportunity to display and market its exclusive brands across Indonesia via e-commerce. It also aims to improve its position as a leading multi-format modern retailer.