How About Bank Lippo’s Rights Certificates?
November 5, 2002
LIKE Bank Internasional Indonesia, Bank Lippo is also recorded as having received rights certificates. This bank, in which Mochtar Riady's family used to own the majority share, received a cash injection equivalent to Rp250 per share. Thus the government now owns a 59.26 share in Bank Lippo, while the Riady family's holding has shrunk to only 7.5 percent, through Lippo Asia and Lippo Life.
These rights certificates give the Riady family the opport
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