Sailing Under One Flag - Economy - magz.tempo.co

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Merger

Sailing Under One Flag

Tuesday, May 25, 2004

Lippo has merged eight of the property companies that it owns in anticipation of future improvements in the property business.

. tempo : 173167863450.

AT the stock exchange, who hasn't heard of the Lippo Group? The acumen with which this business group, created by Mochtar Riady and his family, seeks out potential opportunities is akin to the way that a shark can smell blood. Take a look at what took place last week. Just as the property sector is beginning to get moving again, the Lippo Group was already busily jacking up the market capitalization of its property companies.

How was it able

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