Moody's: Lippo Karawaci's delay in sale of Yogyakarta assets is credit negative
Singapore, January 23, 2017-- Moody's Investors Service says that the delay in the sale by Lippo Karawaci Tbk' s of Siloam Hospitals Yogyakarta and Lippo Plaza Jogya is credit negative. On 17 January 2017, Lippo Karawaci's Singapore real estate investment trusts-- Lippo Malls Indonesia Retail Trust and First Healthcare REIT-- announced the termination of the conditional sale and purchase agreement for their proposed joint acquisition of an integrated development comprising...
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