James Riady

The stake is being acquired from an investment holding company held by Stephen and James Riady.

SINGAPORE (Mar 17): OUE, the property group controlled by Stephen Riady, has acquired a 49.7% stake in Superfood Retail for $7.53 million.

SINGAPORE (Nov 20): Indonesian property developer Lippo Karawaci has expressed regret over a credit downgrade by Fitch Ratings, saying its IDR 6 trillion ($564 million) divestment plan to strengthen capital was progressing smoothly.

SINGAPORE (Jan 8): TIH has received a 57 cents voluntary unconditional offer from Kaiser Union for all the shares it does not own.

SINGAPORE (Sept 17): Indonesians have declared 117.3 trillion rupiah ($12.2 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry

JAKARTA (Sept 2): Two of Indonesia's wealthiest men said they will participate in a government-led tax amnesty to clear their past omissions, boosting the credibility of the programme.