REIT Oracle

Lippo Malls Makes a Right Issue to Raise Equity

in Company news

Following Lippo Malls acquisition of Lippo Mall Puri, the trust is seeking to raise S$271 million on the market to finance the operation.

Based on an indicative issue price of S$0.060 per Rights Unit, the Manager currently expects to issue 4,682,872,029 Rights Units (which is equivalent to approximately 160% of the 2,926,795,018 Units in issue as at 18 September 2020)