Investor Presentaiton
Meikarta: our next development initiative (cont'd)
Investment in LPCK / Meikarta
Sources
($m)
LPCK will launch a concurrent rights issue to raise the
funds required for the completion of its Meikarta
project
LPKR invested $188m through rights issuance of
LPCK
Rights issuance was completed by mid July 2019
Further details of the rights issuance has been
announced
200
150
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218
180
Further financing
by LPCK into
Meikarta
Other equity or
project financing
to be raised
Account
receivables
(sold units)
(1)
Estimated value of
future sales
Malls and other
income yielding
assets
400
Estimated
construction
costs to
completion
Uses
230
QOLIPPO
PT LIPPO KARAWACITOK
175
Existing debt
and payables
Surplus funds for
other projects
and investments
Fully funded business plan to complete current development projects in Meikarta Phase 1A
Source: Company information.
Note:
(1)
Assume exchange rate of US$1 to IDR 13,901 as per 31 Dec 2019; all figures subject to FX movements.
As at 31 Dec 2019.
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