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HOCK LOCK SIEW

Bowsprit deal benefits buyers more than seller

THE recent lateral shift in the ownership of First Reit's manager, Bowsprit Capital, from Lippo Karawaci to OUE and OUE Lippo Healthcare (OUELH) may benefit the buyers more than the vendor.

Each side has its reasons for the transaction, of course. For Lippo, the sale is merely one small...

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