Lippo Malls Indonesia Retail Trust (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust (LMIR Trust) has initiated a consent request with lenders to replace Sun Plaza with five other properties as collateral for their existing loans, which include term loan and bridge loan facilities amounting to SGD 135 million, SGD 67.5 million, and SGD 120 million, respectively. The properties proposed for the collateral swap include Mal Lippo Cikarang, Gajah Mada Plaza, Kramat Jati Indah, Lippo Mall Kuta, and Plaza Madiun Units.
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