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An update from Lippo Malls Indonesia Retail ( (SG:D5IU) ) is now available.
Lippo Malls Indonesia Retail Trust held an Extraordinary General Meeting to seek approval for a proposed rights issue and a whitewash resolution, aiming to strengthen its capital structure and address immediate financial needs. The Trust is navigating a challenging retail environment in Indonesia, marked by macroeconomic headwinds, and is taking strategic steps to rejuvenate its portfolio by completing projects at several malls to attract shoppers and tenants.
More about Lippo Malls Indonesia Retail
Lippo Malls Indonesia Retail Trust (LMIR Trust) operates in the retail real estate sector, focusing on managing a portfolio of retail malls in Indonesia. The company aims to provide sustainable growth and resilience in the retail market, addressing challenges such as inflation, currency volatility, and changing consumer behaviors.
YTD Price Performance: -27.78%
Average Trading Volume: 7,942,141
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$100.1M
Find detailed analytics on D5IU stock on TipRanks’ Stock Analysis page.