Lippo Group may consider transferring Singapore-listed investment trusts to Indonesia

According to The Straits Times report on Wednesday, the trusts’ relocation depends on a government ruling on further lowering the final income tax for Reits, said the 87-year old billionaire. Lippo Group has two property trusts listed in Singapore – First Real Estate Investment Trust which owns Indonesian hospitals and Lippo Malls Indonesia Retail Trust…

via Lippo Group may consider transferring Singapore-listed investment trusts to Indonesia — Thai PBS English News