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Lippo Ltd.: OUE 1H Loss Likely Between S$92.0M to S$106.0M
Lippo Ltd. Expects 1H Share of Loss From Joint Venture to Widen Significantly
Lippo Limited Projects Steep Loss Amid Market Slowdown
Lippo (00226.HK) is expected to record a joint venture loss of no less than 0.4 billion Hong Kong dollars in the mid-term.
On July 19, Glon Hui announced that Lippo (00226.HK) may incur a loss of no less than HKD 0.4 billion from its joint venture by June 30, 2024, while it recorded a profit of about HKD 90.2 million from the joint venture by June 30, 2023. The loss is mainly due to a subsidiary of a major joint venture company, OUE Limited ("OUE"), a main board-listed company on the Singapore Stock Exchange, and its affiliates, collectively known as the OUE Group, which suffered a loss from an equity accounting investment. According to
Express News | Lippo Ltd Sees Share of Loss of Joint Ventures of Not Less Than HK$400 Mln for Hy
Fitch Ratings Downgrades Lippo Malls Indonesia Retail Trust's Default Rating
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