Matahari Putra capex of Rp800b
Matahari Putra Prima (MPPA) is preparing capex of Rp700b-800b this year to add new stores. The capex will come from internal financing and bank loans. The company plans to open 10 new Hypermart stores – three in Java and seven outside of Java. The company will also open three new Foodmart stores, four Smart Club stores and 10 Boston outlets.