This US Company Diligently Increases Share Ownership In Hypermart Outlet Owner Conglomerate Mochtar Riady, Opposite To Temasek

JAKARTA - Consilium Frontier Equity Fund LP has a different attitude from Temasek regarding the ownership of shares in the Hypermart outlet owner of the Lippo Group of the conglomerate Mochtar Riady, PT Matahari Putra Prima Tbk (MPPA).

Consilium, which is operated by Consilium Investment Management Llc, has again shown its interest in Matahari Putra Prima. In a letter dated March 9, 2022, it was revealed that they had bought up MPPA shares on March 1, 2022 - March 2, 2022.

Consilium bought up 12 million MPPA shares during this period. For the period March 1, 2022, the number of shares purchased was 6 million shares at a price of Rp. 280.1902, then the following day with the same amount at a price of Rp. 276.8019.

Frontier Equity Fund LP recently showed interest in investing in PT Matahari Putra Prima (MPPA) after the company from the United States (US) bought up shares worth Rp. 3.34 billion. After the transaction, Consilium owns 622.78 million shares of Matahari Putra Prima, equivalent to 7.35 percent.

Meanwhile, share ownership increased 0.15 percent from the previous number of 610.78 million shares or 7.2 percent. Through an official statement, MPPA management said that the transaction did not have a negative impact on operational, legal and financial conditions or the company's business continuity.

"Ordinary transactions and do not have a negative impact on the company," said Matahari Putra Prima Corporate Secretary Danny Kojongian, quoted Saturday, March 12.

For the record, Consilium has purchased 20 million shares of Matahari Putra Prima at a price of Rp. 310.9705 per share valued at Rp. 6.21 billion on February 17, 2022. After the purchase, the percentage of ownership increased by 610.78 million shares, equivalent to 7.2 percent compared to the previous 590, 78 million shares which is equivalent to 6.97 percent.

On the other hand, Temasek Holding Pte Ltd. Instead, he is diligently selling his share ownership in MPPA through Anderson Investments Pte Ltd. For information, Anderson Investments is a subsidiary of Temasek.

Through its subsidiary, Temasek owns shares in MPPA. Recently, Anderson sold 69.83 million shares or 0.83 percent of its shareholding in PT Matahari Putra Prima Tbk. (MPPA).

Temasek Holding explained that the company's subsidiary, Anderson Investments Pte Ltd, sold MPPA shares for the period 5 January 2022 - 14 January 2022. The selling price of the shares of the Lippo Group issuer varied.

If calculated, the total transaction sales of Matahari Putra Prima (MPPA) shares by Anderson Investment during the period reached Rp. 23.9 billion. After this share sale transaction, Anderson controlled 11.88 percent of MPPA's shares from the previous 12.71 percent.