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Lippo Karawaci CEO wants LMIRT to own more non-Lippo assets

He also thinks that acquiring sponsor assets should be the "secondary purpose"

Mr Riady says that the purpose of asset divestments was also to raise money and consolidate Lippo Karawaci's balance sheet.


LIPPO Karawaci CEO John Riady wants what's best for the two real estate investment trusts (Reits) that his company sponsors, even if it means more third-party acquisitions and consolidation with other Reits.

"Consolidation in the Reit space in Singapore has been driven by...

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