LMIRT faces opposition from unitholders on proposed Lippo Mall Puri acquisition
41 unitholders, who have over 6% of vote, seek to postpone vote
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Uma Devi
Singapore
THE acquisition by Lippo Malls Indonesia Retail Trust (LMIRT) of Lippo Mall Puri was in the works for over a year. But two weeks before unitholders are due to vote on the transaction, opposition has arisen to the deal.
This week, LMIRT management revealed that it had on Dec 4 received a letter from some LMIRT unitholders requesting the addition of a new resolution for the upcoming extraordinary general meeting (EGM) on Dec 14.
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