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Lippo Malls Indonesia Retail ( (SG:D5IU) ) has issued an announcement.
Lippo Malls Indonesia Retail Trust has disclosed the deployment of a significant portion of the proceeds from its recent renounceable, non-underwritten rights issue of approximately S$63.04 million. About S$34.19 million, or 54.2% of the gross proceeds, has been used to repay existing loans and related financial obligations, while roughly S$0.91 million, or 1.4%, has gone toward general corporate and working capital needs of the LMIR Trust Group, signalling an ongoing focus on balance sheet strengthening and liquidity management. The manager stated that the use of funds remains in line with earlier stated plans and committed to updating the market as the remaining proceeds are materially disbursed, an indication of continued transparency for unitholders and other stakeholders.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
More about Lippo Malls Indonesia Retail
Lippo Malls Indonesia Retail Trust is a Singapore-listed real estate investment trust that invests primarily in retail properties in Indonesia, generating income from a portfolio of shopping malls and retail spaces across the country.
Average Trading Volume: 10,633,182
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$133.6M
For an in-depth examination of D5IU stock, go to TipRanks’ Overview page.