- Rationale for the acquisition :
- Provide organic growth potential
- Opportunity to increase the size and enhance the earnings of the LMIR Trust.
- Increase economies of scales in operation, marketing ...
Last week, received a thick package from Lippo Malls Indonesia Retail Trust, LMIR Trust (can tell from the envelop itself) but didn't open it until today. Apparently, it is a circular in relation to the upcoming EGM for the proposed acquisition of Lippo Mall Kuta, Bali. The purchase consideration is S$85 mil
After attempting to digest the thick pile of sheets and given up after about 10 pages, most of the content are quite technical and lots of jargon here and there. For an existing investors, of course, the first thing that come to mind is the objective and financial upside of such acquisition?
Managed to skim through the pages and found some pertinent information here: