PT Lippo Karawaci

Management & Corporate Governance

Tycoon Riady sees no 'more hiccups' in US$18 bil project

SINGAPORE (Mar 13): Indonesia’s Lippo Group sees no “more hiccups” in its flagship US$18 billion ($24.4 billion) township project near Jakarta as a new fundraising plan helps alleviate liquidity concerns.
Singapore's office market is buzzing, for now

Property

Singapore's office market is buzzing, for now

(Jan 25): What’s not to like about Singapore’s office property market? Take a look at CapitaLand Commercial Trust’s 2018 results. Singapore’s biggest office landlord, owner of $10 billion of the city-state’s commercial buildings, finished the y
US Bank Tower in Los Angeles put up for sale by OUE

Property

US Bank Tower in Los Angeles put up for sale by OUE

(Jan 25): The US Bank Tower in downtown Los Angeles, known for its cameos in Hollywood movies and a sky-high outdoor glass slide, has been put up for sale.

Corruption probe

Contagion fears from Lippo probe spread to Singaporean bonds

(Nov 26): An investigation into troubled Indonesian property developer PT Lippo Karawaci, controlled by Southeast Asia’s billionaire Riady family, is reverberating in the Singapore bond market.

Broker's Calls

A balance of probabilities for First REIT

SINGAPORE (May 25): OCBC Investment Research is maintaining its “buy” call on First REIT (FREIT) with a fair value estimate of $1.48.
From press release

M&A

First REIT acquires hospital cum retail mall on Indonesian island

SINGAPORE (July 21): First Real Estate Investment Trust (First REIT) – managed by Bowsprit Capital Corporation – today announced that its subsidiary, SHButon Investment I, has entered into a conditional sale and purchase agreement with PT Andromeda Sa

Results

First REIT posts full year DPU of 8.47 cents

SINGAPORE (Jan 17): First REIT has reported a full year distribution per unit of 8.47 cents for FY16 to December, an increase of 2% from the 8.3 cents declared in FY15.
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