by: Tam Ging Wien
All examples and stocks quoted here in this article and on the ProButterfly.com and REITScreener.com site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial adviser.
Lippo Malls Indonesia Retail Trust (D5IU.SI, LippoMalls) announced on 30-Dec-2019 (Thursday) that it proposes to divest 2 assets to Nirvana Wastu Pratama, better known as NWP Retail (NWP) – namely Pejaten Village and Binjai Supermall for Rp1,280bil (S$124.3mil). Together with this transaction, NWP is also acquiring another 3 malls directly from entities affiliated with the Lippo Group, Central Plaza in Bandar Lampung on South Sumatra, Duta Plaza in Denpasar