Lippo Malls Indonesia Retail Trust, a Singapore-listed real estate investment trust Reit that invests in and operates income-producing retail properties in Indonesia, on Monday kicked off a marketing roadshow for a rights issue that aims to raise S$337 million $256 million.
The one-for-one renounceable offering, which was first announced on Friday last week, comes as Asian stock markets have come under significant selling pressure amid renewed concerns about the impact of a global economic slowdown on the region. The Singapore Straits Times Index has lost 6.6% over the past four sessions and in Hong Kong the Hang Seng Index slumped 9.8% from Friday through Tuesday before...
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