Singapore-listed Lippo Malls Indonesia Retail Trust Ltd. (LMIR Trust), a
subsidiary of Jakarta-listed developer Lippo Karawaci (LPKR), has
announced a Rp 3.6 trillion (US$300.72 million) acquisition of Lippo
Mall Kemang (LMK) from its sister company in a transaction that will
move ownership of the assets to a Singaporean entity.