LMIRT to hold virtual dialogue on proposed Jakarta mall acquisition

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LIPPO Malls Indonesia Retail Trust (LMIRT) will conduct a virtual dialogue session with the Securities Investors Association Singapore (Sias) regarding the trust's proposed acquisition of Lippo Mall Puri in Jakarta. Read more at The Business Times.

About 33.6 million LMIRT units changed hands on Thursday, with the stock price rising 1.1 per cent or 0.1 Singapore cent to finish at 9.3 cents.

After market close, the LMIRT manager told SGX that it had on Nov 23 issued a notice of extraordinary general meeting to unitholders and published its circular in relation to the proposed Lippo Mall Puri deal, a S$281 million rights issue, a whitewash resolution and a proposed loan facility of up to S$40 million.

It added that it is not aware of any information not previously announced concerning the trust that might explain the trading activity, and confirmed that it is in compliance with the mainboard listing rules.In August, the manager said it was planning to buy the strata title units of Lippo Mall Puri at a

 

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