Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust’s estimated aggregate leverage ratio has slightly exceeded the set limit, mainly due to the Indonesian Rupiah’s depreciation against the Singapore Dollar and a minor appreciation of the US Dollar. This shift reflects the impact of currency translation on the value of the Trust’s assets and liabilities. The Manager will provide updates once the second quarter financial statements are finalized and the actual leverage ratio is confirmed.
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