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Lippo Malls Indonesia Retail ( (SG:D5IU) ) just unveiled an update.
Lippo Malls Indonesia Retail Trust announced an update on its proposed rights issue, which involves issuing new units to eligible unitholders on a pro rata basis. During an extraordinary general meeting, all resolutions related to the rights issue were approved by unitholders. The sponsor, PT Lippo Karawaci Tbk, committed to accepting its provisional allotment but did not commit to subscribing to any remaining unsubscribed units, which may impact the trust’s capital raising efforts.
More about Lippo Malls Indonesia Retail
Lippo Malls Indonesia Retail Trust (LMIR Trust) operates in the retail real estate industry, focusing on managing and investing in retail properties in Indonesia. The trust is managed by LMIRT Management Ltd. and is sponsored by PT Lippo Karawaci Tbk.
YTD Price Performance: -16.67%
Average Trading Volume: 5,504,500
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$115.5M
Find detailed analytics on D5IU stock on TipRanks’ Stock Analysis page.