Matahari Hypermart

PT Matahari Putra Prima Tbk doing business as Matahari Hypermart is an Indonesian retail chain that sells items for daily needs.[1]

Matahari Hypermart
PT Matahari Putra Prima Tbk
TypePublic
IDX: MPPA
ISINID1000125909
FoundedIndonesia (March 11, 1986 (1986-03-11))
Headquarters
Tangerang
,
Indonesia
Number of locations
222 (2013)
Key people
BrandsHypermart
Revenue
  • IDR 1,889 Billion (2013)
  • IDR 588 Billion (2013)
  • IDR 445 Billion (2013)
Total assets
  • IDR 6,580 Billion (2013)
Total equity
  • IDR 3,295 Billion (2013)
Number of employees
12,564 (2013)
Parent
  • PT Multipolar Tbk (50%)
  • Prime Star Investment Pte. Ltd. (26%)
Websitehypermart.co.id

History

Matahari Hypermart was established on March 11, 1986. It was based on notarial deed No. 30, dated March 11, 1986 of Budiarti Karnadi, S.H. and was approved by the Minister of Justice in Decision Letter No. C2-5238.HT.01-01.Th.86, dated July 26, 1986. It was published in Supplement No. 73 of State Gazette No. 2954 dated September 20, 1991.[1] The first Hypermart was opened in 2004 at Wahana Tata Cemerlang Mall in Lippo Karawaci, Tangerang. On December 19, 2014, Hypermart unveiled the new logo at the opening of the new Hypermart store with the new G7 concept at Cyberpark, North Lippo Karawaci, Tangerang. This logo was rolled out on their new and renovated existing Hypermart stores with the G7 concept throughout 2015 and still going on until present.

Initial public offering

In December 1992, Matahari Hypermart listed its shares on the Jakarta Stock Exchange and the Surabaya Stock Exchange. These later merged and were renamed as the Indonesia Stock Exchange.[2]

References
  1. Matahari Putra Prima Tbk 2014, p. 7.
  2. Matahari Putra Prima Tbk 2014, p. 8.
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