SINGAPORE (June 5): On June 1, Lippo Karawaci (LPKR) announced it wanted to restructure its rental support agreements with First REIT.

This was the result of the Covid-19 pandemic in Indonesia and its material negative impact on LP- KR’s 55%-owned hospital subsidiary Siloam International Hospital’s business.

LPKR was the sponsor of First REIT and a 27.6% unitholder when it listed in 2006.

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