JAKARTA - In the midst of fluctuating share prices, PT Lippo Karawaci Tbk (LPKR) plans to buy back 572 million of its shares with a budget of around Rp 75 billion.
CEO of Lippo Karawaci, John Riady stated in a written statement on Thursday (2/4) that the buyback will be carried out in the next few weeks.
John stated the company has the funds to conduct buybacks because it recently issued five-year bonds, changed its hedging strategy and sold its shares in FirstREIT. (ARM/AR)