Indonesia's Lippo raises stake in local hospital firm Siloam for $25.27m

Lippo Karawaci CEO John Riady.

Indonesian conglomerate Lippo, through Lippo Karawaci, increased its stake in locally listed Siloam International Hospitals to 57.9%, thereby pumping in 362.79 billion rupiah ($25.27 million), per an announcement.

Between March 29 to April 18, 2022, Lippo Karawaci acquired 330.4 million shares at Siloam at 1,098 rupiah apiece.

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