- PT Matahari Putra Prima Tbk plans to pay the remaining debt of 200 million U.S. dollars in August. The plan, the debt is paid in cash receipts from the sale of the Matahari Department Store with a total of Rp 5.3 trillion.

This was conveyed by the Director of PT Matahari Putra Prima Tbk. Hendra Siddin in public exposure at the Hotel Aryaduta, Friday (14/05/2010). “Regarding the purchase of CAD, we provide and the money already committed to improve profitability by reducing debt,” he said.

But for the full implementation of their own dynamics and depends pihal seller. Payment of debt in the form of USD 526 billion rupiah plan would not be paid. However, bank debt amounted to Rp 1.3 trillion has been paid away in the first quarter.

In addition, the cash proceeds from the sale Matahari Department Store will also be used for expansion and working capital of Rp 0.9 trillion and an interim dividend payment to shareholders that have been made at Rp 1 trillion.

Pascalepasnya Matahari Department Store majority share of PT Matahari Putra Prima Tbk. as of 1 April, Hendra said that the police would not expect substantial income from the MDS. Hendra said the company projected sales target acquisition amounted to Rp 8.4 trillion, which dominated from the Sun group of Food Business.