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Lippo Malls Indonesia Retail ( (SG:D5IU) ) has issued an update.
Lippo Malls Indonesia Retail Trust has announced that it will not pay the scheduled distribution for its S$140,000,000 Perpetual Securities issued in 2016, due on 27 September 2025. This decision triggers dividend stopper provisions, preventing the declaration or payment of dividends or distributions on its units and other securities until certain conditions are met, potentially impacting the company’s financial operations and investor returns.
More about Lippo Malls Indonesia Retail
Lippo Malls Indonesia Retail Trust operates in the retail real estate investment sector, focusing on managing and investing in retail properties across Indonesia. The company is structured as a trust and is managed by LMIRT Management Ltd., which oversees its portfolio of shopping malls and retail spaces.
YTD Price Performance: -16.67%
Average Trading Volume: 6,038,883
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$115.5M
See more insights into D5IU stock on TipRanks’ Stock Analysis page.