lippo group
High Court judge lays out grounds of decision to award UOB S$17.7 million in Lippo Marina Collection lawsuit
The bank claimed up to S$92 million in damages, but Justice Aidan Xu says it ‘failed to mitigate losses fully’
LMIRT’s gearing exceeds 45% amid currency changes
The manager says this does not breach the aggregate leverage limit as defined in the Monetary Authority of Singapore’s Collective Investment Schemes code
Lippo unit under police probe over alleged fraud in case involving UOB loans
LIPPO Group is currently awaiting a court verdict on the amount of damages it has to pay UOB after a long legal battle which started in 2014, and the Indonesian company’s woes may not be over.
Fitch upgrades LMIRT issuer default rating to ‘CC’ from ‘C’
FITCH Ratings has upgraded the long-term issuer default rating of Lippo Malls Indonesia Retail Trust (LMIRT) to “CC” from “C”, after having downgraded it to “C” from “CC” earlier this month.
LMIRT flags potential negative effect on distributions after Moody’s rating downgrade
LIPPO Malls Indonesia Retail Trust (LMIRT) reported on Monday (Feb 13) that its distributions may be negatively affected by Moody’s Investors Service’s recent downgrade of the trust’s corporate family...
Court raps developer Lippo Marina Collection in appeal by UOB
A COURT of 3 judges had harsh words for Lippo Marina Collections (LMC) on Friday (Apr 29) as its long-running legal tussle with UOB over claims of inflated loans continued with an appeal of the High C...
Fitch downgrades outlook, ratings for LMIRT on refinancing risk
FITCH Ratings on Monday (Nov 28) downgraded Lippo Malls Indonesia Retail Trust’s (LMIRT) issuer default rating to “B-” from “B” previously. The Singapore-listed trust’s outlook has also been revised d...
UOB wins appeal against Lippo in furniture rebate case; Lippo said to have ‘distorted’ property market
UOB has won an appeal against developer Lippo Marina Collection (LMC) in a dispute over “furniture rebates” granted by the latter to property buyers.
Lippo Malls Indonesia Retail Trust obtains S$67.5m bridging loan facility
THE manager of Lippo Malls Indonesia Retail Trust (LMIRT) announced via a bourse filing on Friday (Oct 21) that the trust has obtained a bridging loan facility of up to S$67.5 million with BNP Paribas...
Moody’s downgrades Lippo Malls Indonesia Retail Trust’s rating on weak financials
MOODY’S Investors Service has downgraded the corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT) from B1 to B2, it said on Wednesday (Jun 22).
