Stephen Riady

Deals, joint ventures & alliances

OUE buys 17.2% stake in Indonesian tech investment firm Multipolar for $95.6 mil from Riady-owned company

The stake is being acquired from an investment holding company held by Stephen and James Riady.


BreadTalk buying over Food Junction for $80 mil from Auric Pacific

SINGAPORE (Sept 2): BreadTalk Group is acquiring the entire issued share capital of Food Junction Management (FJM) for $80 million, subject to further adjustments.


OUE buys 49.7% stake in F&B player from related Riady investment vehicle

SINGAPORE (Mar 17): OUE, the property group controlled by Stephen Riady, has acquired a 49.7% stake in Superfood Retail for $7.53 million.

Japan's Itochu acquires 25.3% stake in OUE Lippo Healthcare for $79 mil

SINGAPORE (Jan 10): Itochu Corporation, one of the largest trading companies in the world, is all set to become a strategic investor in OUE Lippo Healthcare through the private placement of $78.8 million worth of shares.


TIH gets 57 cents per share offer from majority shareholder Argyle and Lippo bidco

SINGAPORE (Jan 8): TIH has received a 57 cents voluntary unconditional offer from Kaiser Union for all the shares it does not own.

Broker's Calls

Would it be a shame for investors if Auric Pacific delists?

SINGAPORE (Feb 22): CIMB Research continues to keep its “add” recommendation on Auric Pacific Group with an unchanged target price of $1.96 after the group on Tuesday posted a turnaround in FY16 with $72 million in earnings, which was largely in line


OUE launches mandatory unconditional cash offer for International Healthway Corp at 10.6 cents per share

SINGAPORE (Feb 16): OUE, the property and hotel group controlled by Indonesia's Riady family, is launching a mandatory unconditional cash offer for International Healthway Corporation (IHC).

Offer price for Auric Pacific is ‘not favourable’; here’s what CIMB thinks the group is worth

SINGAPORE (Feb 8): CIMB Research is maintaining its “add” recommendation for Auric Pacific Group with an unchanged target price of $1.96 on the belief that the current offer price for the takeover of the group is “not favourable”.

Hot Stock

Auric Pacific rises 13.4% on takeover offer

SINGAPORE (Feb 7): Shares of Auric Pacific Group are up 13.4% or 19 cents at $1.65.


Controlling shareholder Stephen Riady makes cash offer to take Auric Pacific private

SINGAPORE (Feb 7): Auric Pacific has received a voluntary conditional cash offer from Silver Creek Capital, an investment vehicle jointly owned by its largest shareholder Stephen Riady and his son-in-law Andy Adhiwana.