“These restructuring discussions reflect the Government of Indonesia's declaration of the current situation as a national disaster and extraordinary event. The level of subsidies is prohibiting spending to expand medical care and improve medical facilities across Indonesia,” said LPKR.
SINGAPORE (June 1): PT Lippo Karawaci Tbk (LPKR) said that as a result of the Covid-19 pandemic in Indonesia and its material negative impact on hospital subsidiary Siloam's business, it wants to restructure its rental support agreements with First REIT, which owns the Siloam chain of healthcare properties.
First REIT, separately listed on SGX, drew an unusual trading query from SGX at 10.30 am. It dropped 11.3% to 78.5 cents before trading halt was called at 11.46am.
