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Lippo Karawaci Secures Us$1b In Funding, Names New Ceo And Cfo, Property News & Top Stories - The Straits Times
Posted on: March 12, 2019, 7:01 a.m.
March 12, 2019 11:20 AMSINGAPORE - Indonesian real estate developer PT Lippo Karawaci Tbk has secured US$1.01 billion in funding from a rights issue and asset divestment. It has also appointed John Riady as CEO and Surya Tatang as chief financial officer, both with immediate effect, in a transformation plan to "recapitalise" the company, revamp its leadership and refocus its business on three core competencies. Full investment news article