Lippo Karawaci Shares Up After Kuta Mall Sale to Singapore-Listed Investment Trust
Jakarta. Shares of property developer Lippo Karawaci, one of the biggest such companies in Indonesia, rose by 1.5 percent on Tuesday, after the announcement of a plan to move the assets of its shopping center in Bali into an affiliated real estate investment trust in Singapore, the Lippo Malls Indonesia Retail Trust (LMIRT).In a listing on the local stock exchange on Tuesday, Ketut Budi Wijaya, president director of Lippo Karawaci, said the company, through an indirect subsidiary called Pamor Read more [...]