According to LMIRT’s 1QFY2020 financial statement it reported income available for distribution for unitholders at $14.55 million, and for perpetual security holders at $4.37 million.
SINGAPORE (May 11): On May 5, OCBC Credit Research pointed out that Lippo Mall Indonesia Retail Trust did not accrue distributions to perpetual holders under its statement of distribution.
Then came this announcement: “From May 11, 2020, Maybank Kim Eng will cease financing for Lippo Malls, this includes Lippo Malls Indonesia Retail Trust, Lippo Malls Indo 6.6% 221219 and Lippo Malls Tr $140M7%PERPSEC, in view of the recent adverse news. As such, we require affected clients to deposit additional margin by 22 May 2020, to satisfy the margin call,” the broker says.
