PT Rimo International Lestari Tbk [RIMO], a listed department store operator, is seeking to raise up to Rp 8.1 trillion ($610.7 million) through a pre-emptive rights issue, the proceeds of which will be used to buy out a property developer PT Hokindo Mediatama, hinting a possible backdoor listing of the property company.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
