Shares & Derivatives
Lippo Malls Indonesia Retail Trust – EGM To Acquire Lippo Mall Kuta, Bali
By Invest Openly  •  November 17, 2016
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:
  1. Rationale for the acquisition :
  2. Provide organic growth potential
  3. Opportunity to increase the size and enhance the earnings of the LMIR Trust.
  4. Increase economies of scales in operation, marketing ...
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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