Company Milestones

Milestone

Date

Description

Oct 1990

Established under the name of PT Tunggal Reksakencana.

Jan 1993

Started Lippo Village township, located in the regency of Tangerang, approximately 30 kilometers to the west of Jakarta.

Oct 1993

Started Lippo Cikarang township, an integrated real estate and industrial development located in Cikarang, approximately 40 kilometers to the east of Jakarta.

Jun 1996

Initial Public Offering of 30,800,000 shares and listed on Jakarta Stock Exchange and Surabaya Stock Exchange.

Jun 1997

Started Tanjung Bunga township, the largest integrated community development in eastern Indonesia.

Jan 1998

1st Rights Issue of 607,796,000 shares at the price of Rp 500 per share.

Sep 2002

Launched its first retail strata-titled project, WTC Matahari Serpong located in Serpong, Tangerang. Since then (2002 – 2007), Lippo Karawaci has developed the retail and commercial properties of Metropolis Town Square in Tangerang; GTC Makassar in South Sulawesi; Depok Town Square in Depok, West Java; Malang Town Square in Malang, East Java; Grand Palladium Medan in Medan, North Sumatra; Bellanova Country Mall in Bogor, West Java and CITO Mall in Surabaya, East Java.

Jul 2004

Merger of 8 property-related companies, making the new Lippo Karawaci, Indonesia’s largest listed property company with three business pilars: Housing & Land Development, Healthcare and Hospitality & Infrastructure.

Jan 2005

2nd Rights Issue of 881,905,813 shares at the price of Rp 1,050 per share.

Mar 2006

USD 250 million bond issuance, at the rate of 8.875% pa., issue price 100%, due 2011.

Aug 2006

1-for-2 Stock Split.

Dec 2006

The listing of First REIT on the Singapore Stock Exchange, offering 271,400,000 units at an offering price of SGD 0.71/unit.

Jan 2007

Launched San Diego Hills Memorial Park and Funeral Homes in Karawang, West Java.

Jul 2007

Launched Kemang Village, a large scale integrated development in South Jakarta.

Dec 2007

1-for-2.5 Stock Split.

Aug 2008

Launched The St. Moritz Penthouses & Residences, a large scale integrated development in West Jakarta.

Dec 2008

Opened Pejaten Village Mall, the Company’s first leased mall in South Jakarta.

May 2010

US$ 270 mn Bonds Issuance, at the rate of 9% p.a. issue price 100%, due 2015.

Dec 2010

3rd Rights Issue of 4.32 bn new shares at Rp 550/share.

Mar 2011

US$ 125 mn Bonds issuance, at the rate of 9% p.a. offered at 108%, due 2015.

Jun 2011

Non Pre-emptive Rights Issuance of 1.45 bn new shares at Rp 660/share.