SINGAPORE (Yosefardi) – LMIRT Management Ltd., in its capacity as manager of Lippo Malls Indonesia Retail Trust (LMIR TRUST), is proposing to carry out a placement of between 243,902,000 and 246,913,000 New Units to institutional and other investors.
The placement is priced at range of between S$0.405 per New Unit and S$0.410 per New Unit, to raise gross proceeds of approximately S$100.0 million.
Approximately 95.0% of the Gross Proceeds will be used to fund asset financing which includes asset acquisitions, asset enhancement initiatives and refinancing of existing asset linked debts, and for general corporate and working capital purposes.