Gateway Partners committed to participate in PT Lippo Karawaci Tbk (“LPKR”) rights issue alongside Mr. George Raymond Zage III and Chow Tai Fook Nominee Limited. LPKR is Indonesia’s leading integrated real estate company with total assets of USD 3.9bn at 31 March 2019. Its core business comprises urban residential developments, lifestyle malls and healthcare. They are also actively involved in integrated developments, hospitality, township development and management, as well as asset management services.
You can view the official announcement from LPKR here.