Riady's Business at a Falter - Economy - magz.tempo.co

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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.

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. . tempo : 173222756987.

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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