Riady's Business at a Falter
Tuesday, July 3, 2018
With liquidity challenged, Lippo Karawaci has to rely on property asset sales. The future of the Riady family business lies in the hands of a massive integrated zone development project.
arsip tempo : 173490974029.
Lippo Group's dream of building a property empire has not always seen a smooth run. Amid the slowdown in property growth over the past three years, the finances of tycoon Mochtar Riady have slumped across all fronts. Most recently, a blow directed at Lippo Karawaci came from Moody's Investor Service, an American-based rating agency.
In early June, the agency downgraded the rating of bonds issued by a subsidiary of Lippo Karawaci, Theta Capital Pte
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