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Lippo Malls Indonesia Retail ( (SG:D5IU) ) has provided an update.
Lippo Malls Indonesia Retail Trust has announced the final results of its rights issue, reporting that the offer was significantly oversubscribed, with valid acceptances and excess applications received for approximately 121.35% of the total number of rights units available. Valid acceptances, including those by BIL and the manager, accounted for about 69.87% of the issue, while excess applications reached 99.21%, and subscribing entities under an irrevocable undertaking applied for a large majority of the new units, underscoring strong support from key stakeholders and reinforcing the trust’s capital-raising efforts and financial flexibility.
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 in and manages retail properties in Indonesia. Its portfolio typically comprises shopping malls and retail assets aimed at capturing consumer spending in Southeast Asia’s largest economy, providing investors with exposure to Indonesia’s retail real estate sector.
Average Trading Volume: 9,293,245
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$150.3M
Learn more about D5IU stock on TipRanks’ Stock Analysis page.