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Auric Digital Retail Pte Ltd to become the new controlling shareholder of Matahari

05 May 2021 10:03

Auric Digital Retail Pte Ltd (BidCo) to become the new controller of PT Matahari Department Store Tbk (LPPF) by dominating 50.12% of LPPF shares. This recent position change would take place following the voluntary tender offer (VTO) initiated by Auric Digital of LPPF’s shares amounting to 1.05 billion units, equivalent to 40% of its total shares.

Auric Digital Retail Pte Ltd to become the new controlling shareholder of Matahari