Indonesia’s Lippo Karawaci bags $1b funding, appoints new leadership

Lippo Karawaci CEO John Riady.

Indonesian integrated real estate developer Lippo Karawaci  has secured a $1,010 million funding programme, as part of a comprehensive strategic transformation plan to recapitalise the company, revamp its leadership team and re-focus its business on its three core competencies.

Furthermore, to deliver on the new business strategy, the company has announced a new leadership team which sees Lippo Group director John Riady appointed as Chief Executive Officer. He is joined by a experienced professionals in the management team including Surya Tatang as Chief Financial Officer, Peter Yu as Director of Projects, and Bret Matthew Ginesky as Head of Investor Relations.

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