Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust, through its manager LMIRT Management Ltd., has announced that it will not be paying the scheduled December 2024 distribution for its S$120 million perpetual securities. This decision activates the dividend stopper provisions, preventing any distribution or payment on its units or earlier perpetual securities until specific conditions are met. This move reflects the company’s strategic financial management approach in handling its securities obligations.
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