OUE in joint venture to acquire controlling stake in Indonesian retailer Matahari

By Michelle Zhu7 days ago

PROPERTY developer OUE on Wednesday morning announced it had established a joint venture (JV) company with Auric Bespoke I - a wholly-owned subsidiary of Auric Capital Holdings - with the intention of acquiring up to a 40 per cent stake in Jakarta-listed PT Matahari Department Store Tbk (Matahari).

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