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An announcement from Lippo Malls Indonesia Retail ( (SG:D5IU) ) is now available.
Lippo Malls Indonesia Retail Trust (LMIR Trust) has announced that it received approval in-principle from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing of new units under a proposed rights issue. This rights issue aims to issue up to 9,005,267,676 new units to eligible unitholders on a pro rata basis. The approval is contingent upon compliance with SGX-ST’s listing requirements and unitholders’ approval, among other conditions. The announcement highlights the trust’s strategic move to potentially raise capital, which could impact its financial flexibility and market positioning.
More about Lippo Malls Indonesia Retail
YTD Price Performance: -22.22%
Average Trading Volume: 4,612,604
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$107.8M
Learn more about D5IU stock on TipRanks’ Stock Analysis page.