Auctioning AYDA Assets, Again

Assets taken over by Lippo Bank are to be auctioned off again following the invalidation of the previous buyers.

May 6, 2003

INVESTORS who bargained for cheap assets taken over (AYDA) by Lippo Bank will now have to forget all about these assets that ended up causing a real commotion. This is because at the extraordinary meeting of Lippo Bank shareholders scheduled for Monday, May 5, 2003, at Jakartas Aryaduta Hotel, it is planned that the sales that took place before Christmas last year will be invalidated. And the assets themselves, which only fetched on average 16 pe

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