Lippo Malls rights offer

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.
<div style="text-align: left;"> Sun Plaza, one of Lippo Malls' properties </div>
<div style="text-align: left;"> Sun Plaza, one of Lippo Malls' properties </div>
October 06, 2011

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).

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