Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Lippo Malls Indonesia Retail Trust, through its manager LMIRT Management Ltd., has announced that it will not be paying the scheduled December 2024 distribution for its S$120 million perpetual securities. This decision activates the dividend stopper provisions, preventing any distribution or payment on its units or earlier perpetual securities until specific conditions are met. This move reflects the company’s strategic financial management approach in handling its securities obligations.
For further insights into SG:D5IU stock, check out TipRanks’ Stock Analysis page.
