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Riady family

Management & Corporate Governance

Tycoon Riady sees no 'more hiccups' in US$18 bil project

SINGAPORE (Mar 13): Indonesia’s Lippo Group sees no “more hiccups” in its flagship US$18 billion ($24.4 billion) township project near Jakarta as a new fundraising plan helps alleviate liquidity concerns.

Lippo Karawaci secures US$1.01 bil for recapitalisation; sells mall to LMIRT

SINGAPORE (Mar 12): PT Lippo Karawaci Tbk, the Indonesian property developer controlled by the billionaire Riady family, has secured US$1.01 billion ($1.37 billion) to recapitalise the company.

Corruption probe

Contagion fears from Lippo probe spread to Singaporean bonds

(Nov 26): An investigation into troubled Indonesian property developer PT Lippo Karawaci, controlled by Southeast Asia’s billionaire Riady family, is reverberating in the Singapore bond market.

Indonesia billionaire family reshuffles empire on currency rout

SINGAPORE/JAKARTA (Sept 19): Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout.

Hot Stock

United Engineers queried by SGX

SINGAPORE (Oct 5): Unusual price movements in the shares of United Engineers have prompted the Singapore Exchange to ask the property services firm for an explanation.

Billionaire Riady family said to pursue United Engineers stake

SINGAPORE (Oct 4): OUE, backed by the billionaire Riady family, plans to pursue a stake in Singapore property and construction firm United Engineers, a person with knowledge of the matter said.
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