PT Matahari Putra Prima Tbk (doing business as MPPA Retail Group) is an Indonesian retail chain that sells items for daily needs.Matahari Putra Prima Tbk 2014, p. 7. The company operate its retail chain under the bulk of brands, such as Hypermart, Foodmart, HyFresh, Primo Supermarket, Boston Health & Beauty, Foodmart Xpress (FMX), and SmartClub.

History

MPPA Retail Group was incorporated on 11 March 1986. 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 Jakarta Stock Exchange (JSX) (Indonesian: Bursa Efek Jakarta (BEJ)) was a stock exchange based in Jakarta, Indonesia, before it merged with the Surabaya Stock Exchange to form the Indonesia Stock Exchange. History Originally opened in 1912 under ...

and the

Surabaya Stock Exchange Surabaya Stock Exchange (SSX) ( Indonesian: Bursa Efek Surabaya (BES)) was a stock exchange that officially opened on June 16, 1989, based on the Minister of Finance Decree of Indonesia No. 654/KMK.010/1989 with only thirty-six shareholders. It wa ...

. These later merged and were renamed as the Indonesia Stock Exchange.Matahari Putra Prima Tbk 2014, p. 8.

References

External links

* {{Official website, https://www.mppa.co.id/ Indonesian companies established in 1986 Companies based in Tangerang Companies listed on the Indonesia Stock Exchange Retail companies established in 1986 Retail companies of Indonesia 1992 initial public offerings