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•G6211 - Supermarket

Company News
Matahari Leaves Hero
Koran Tempo, page A20 (21-September-2005)
PT Matahari Putra Prima Tbk. is releasing its ownership shares in PT Hero Supermarket Tbk. Matahari, the largest retailer in Indonesia, has sold 25.925 million shares (7.8 percent) of its shares in Hero to Dairy Farm Group, a Hong Kong based retailer, on 7 September 2005. Matahari sold the shares for a commercial reason, which is to optimize share investment profit. Matahari sold Hero’s shares for Rp 3,500 per share, a much higher price than what Matahari had paid. Matahari also sold Hero’s shares because it prefers to maintain and strengthen its core businesses (department store, supermarket and hypermarket). As Matahari has sold its Hero shares, Nalacca BV (a subsidiary of Dairy Farm) will hold 40.50 percent of Hero’s shares. Currently, Nalacca holds 20.42 percent of the shares. Meanwhile, Dairy Farm holds 12.13 percent through Mulgrave BV. Dairy Farm also still has Hero converted bonds that can be exchanged for 24.55 percent of Hero shares. To increase Dairy’s shares in Hero, Dairy Farm is holding a tender offer to public shareholders for Rp 6,351 per share.
After Taking over TOPS, Hero Prepares Stand By Loan from SCB
www.kompas.com (6-June-2003)
PT Hero Supermarket Tbk has agreed to take over 22 shops of TOPS supermarket. In relations to the acquisition plan, Standard Chartered Bank has approved Hero’s proposal for a stand by loan. However, Hero’s management has also prepared Rp 108 billion from its internal fund. The acquisition is one of Hero’s strategies to increase the company’s sales up to 20 percent. By adding the number of shops, Hero hopes to expand the market and strengthen Hero’s existence in Bandung and Surabaya.

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Mr. Ipung Kurnia MBA
Hero Supermarket Tbk., PT
Latest Updates 3-February-2025
Major Businessline : Supermarket

PT. Dataindo Inti SwakarsaTelp : (62 - 21) 719 3832
3rd Floor, Gapura Raya BuildingTelp : (62 - 21) 719 3834
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Jakarta 12720, Indonesia
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