Share price of OUE Ltd, a property group controlled by Lippo Group, has dropped 29% since February, to make a market capitalization of S$1.38 billion. Shares of Lippo companies listed on Indonesia Stock Exchange (IDX) have also dropped significantly amidst concerns surrounding the giant Meikarta project. On Tuesday (Sep 25), however, OUE announced the acquisition of PT Asiatower Sudirman for S$150 million or around Rp1.63 trillion. To subscribe please click here
