Singapore's OUE to acquire 17.2% stake in Lippo's tech investment vehicle Multipolar

Singapore's OUE to acquire 17.2% stake in Lippo's tech investment vehicle Multipolar

OUE Downtown

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter