Lippo Malls Reit starts marketing for $256 million rights issue

The sponsor, who owns 29.6% of the retail trust, commits to cover the entire issue, should other shareholders choose not to participate.

Lippo Malls Reit starts marketing for $256 million rights issue

Lippo Malls Indonesia Retail Trust, a Singapore-listed real estate investment trust Reit that invests in and operates income-producing retail properties in Indonesia, on Monday kicked off a marketing roadshow for a rights issue that aims to raise S$337 million $256 million.

The one-for-one renounceable offering, which was first announced on Friday last week, comes as Asian stock markets have come under significant selling pressure amid renewed concerns about the impact of...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...