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Lippo Malls Indonesia Retail Trust (LMIR Trust) to Acquire Pejaten Village and Binjai Supermall
By Financial Freedom  •  November 30, 2012
Just received a circular dated 26 Nov 2012 from Lippo Malls Indonesia Retail Trust (or LMIR Trust) that states : "This circular is important and requires your immediate attention".  Okay.  All circulars come with that label but even though it requires my immediate attention, I am way to busy to flip through a thick circular at the end of a typical work day.

Well, I finally got some time to flip through the circular and realised that it was in relation to the following 3 items:


  • Proposed acquisition of Pejaten Village from an Interested Person;
  • Proposed acquisition of Binjai Supermall from an Interested Person; and
  • The Whitewash Resolution
Just by reading the title, a few questions started popping in my head.  They are basically:

  • Who is this Interested Person?
  • How much do these acquisitions cost and are they yield accretive?
  • What is the Whitewash Resolution?  (it almost sounds like some ...
...
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By Financial Freedom
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