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 (LMIRT) announced on Monday (31-Aug-2020) that it has reached an agreement with PT Mandiri Cipta Gemilang to acquire the strata title units of Lippo Mall Puri at a revised purchase consideration of 3.5 trillion rupiah or approximately S$330.2mil. This represents a discount of 9.47% and 3.47% to the average of the two Independent Valuations with Vendor Support and without Vendor Support, respectively.

PT Mandiri Cipta Gemilang is a wholly-owned subsidiary of the

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