Information Technology retailer Erajaya Swasembada (ERAA) sold its stake in PT Axioo International Indonesia on June 21, priced at Rp658.64 billion, to PT Exa Nusa Persada. It plans to add 4 stores in Singapore and add 12 stores in Malaysia. The Company now operates 6 stores in Singapore and 33 stores in Malaysia. But overseas markets contribute small sales (5%) to ERAA’s total sales. ERAA booked sales of Rp5.17 trillion in Q1 this year; it grew by 6.51% from Rp4.85 trillion in Q1 of last year.
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