Jakarta - PT Matahari Department Store Tbk (LPPF) plans to increase its second share buyback by 10%, or 262.614 million shares.

"The total cost to be incurred for implementing the share buyback is a maximum of Rp500 billion. The company will limit the buyback price to Rp7,950 per share," said LPPF Corporate Secretary Miranti Hadisusilo in information disclosure on Tuesday (5/10).

The company estimates that there will be no significant decrease in revenue due to the implementation of the share buyback and no significant impact on financing.

The implementation of the share buyback II is expected not to affect business and operational activities because the company already has sufficient working capital to carry out business activities.

Management believes that the company's current market value is below what it should be and hopes that the buyback II plan will increase the company's market value.

If the share buyback