tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Lippo Malls Indonesia Retail Trust Launches S$63 Million Rights Issue

Story Highlights
Lippo Malls Indonesia Retail Trust Launches S$63 Million Rights Issue

TipRanks Cyber Monday Sale

An update from Lippo Malls Indonesia Retail ( (SG:D5IU) ) is now available.

Lippo Malls Indonesia Retail Trust has announced a rights issue to raise approximately S$63 million by issuing new units at a significant discount to the current market price. The proceeds from this rights issue will be used to repay existing loans, fund capital expenditures, and cover general working capital needs, potentially strengthening the trust’s financial position and operational capabilities.

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 (LMIR Trust) is a real estate investment trust focused on retail properties in Indonesia. Managed by LMIRT Management Ltd., the trust invests in a diversified portfolio of retail malls and spaces, aiming to provide stable returns to its unitholders.

YTD Price Performance: -22.22%

Average Trading Volume: 4,741,979

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$107.8M

For a thorough assessment of D5IU stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1