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Lippo Karawaci unveils US$1b funding plan, new management team
Funds will be used partly to pare debt under a broader transformation programme
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Nisha Ramchandani
Published Tue, Mar 12, 2019 · 09:50 PM
Singapore
INDONESIAN real estate developer Lippo Karawaci (LPKR) has secured US$1.01 billion in funding via a rights issue and asset divestments which will be used partly to pare debt, while putting in place a new management team under a broader transformation programme.
LPKR has tapped John Riady as chief executive officer, Surya Tatang as chief financial officer and Peter Yu as director of projects as part of a plan to sharpen its focus on its three core competencies - urban housing, lifestyle malls and healthcare.
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