Singapore-based property developer and investor OUE’s wholly-owned subsidiary is acquiring about a 17.2% stake in Lippo Group’s tech investment vehicle PT Multipolar Tbk for Rp1 trillion ($70 million) in a bid to tap into the country’s rapidly growing digital economy.
Lippo Karawaci CEO John Riady had, during a fireside chat at the Asia PE-VC Summit 2021, mentioned the group’s intention to put Multipolar at the forefront of the company’s technology and investing for the future.
