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.