Matahari Putra Prima, a retailer and the operator of Hypermart, jumped to its highest closing price in almost two years after Singapore’s Temasek Holdings announced plans to acquire a stake in the retailer.
Shares in Matahari jumped 14 percent to Rp 1,740 on Tuesday, extending its 24 percent rally the previous day. It was Matahari’s highest closing price since March 7, 2011, when it ended at Rp 1,760. On Tuesday, the benchmark Jakarta Composite Index fell 0.3 percent. Full story
Related:
Temasek to Acquire Hypermart - Tempointeractive.com
