Real estate company, Lippo Karawaci (LPKR), continues its plans to divest one of it assets in Indonesia, Puri Mall. In addition, the company continues to actively pursue further options to increase financial flexibility.
John Riady, CEO of Lippo Karawaci, said Lippo Karawaci is committed to maintaining its existing 30.7% stake in LMIRT by participating in the potential future equity fundraising by LMIRT associated with the acquisition of Puri Mall. It is estimated that this would require approximately US$60 million of funding from the company.
