Law Daily Report

Lippo Malls Reit proposes $280m rights issue to fund acquisition of Jakarta mall

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

SINGAPORE (THE BUSINESS TIMES) - The manager of Lippo Malls Indonesia Retail Trust (LMIRT) on Friday (Sept 18) proposed to raise $280 million through a non-underwritten renounceable rights issue to partly finance its planned acquisition of Lippo Mall Puri.. Read more at straitstimes.com.

SINGAPORE - The manager of Lippo Malls Indonesia Retail Trust on Friday proposed to raise $280 million through a non-underwritten renounceable rights issue to partly finance its planned acquisition of Lippo Mall Puri.

The indicative issue price is at a discount of 47.8 per cent to the closing price of 11.5 cents on Sept 17, the counter's last trading day prior to the announcement. Lippo Karawaci has undertaken to take up its full pro rata stake in the rights issue and apply for all the excess rights units.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LMIRT proposes S$280m rights issue to fund acquisition of Jakarta mallTHE manager of Lippo Malls Indonesia Retail Trust (LMIRT) on Friday proposed to raise S$280 million through a non-underwritten renounceable rights issue to partly finance its planned acquisition of Lippo Mall Puri. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »