Lippo Group

Lippo Group

The Lippo Group is a major Indonesian conglomerate founded by Mochtar Riady.
Lippo Group, founded by overseas Chinese-Indonesian Mochtar Riady in 1950, is one of Asia's leading diversified conglomerates controlling in excess of US$15 â€" 20 billion estimated assets with significant investments in retailing, media, real estate, hospitality, financial, energy, IT, and healthcare industries. The group's flagship operating platforms include Overseas Union Enterprise, Lippo Karawaci, Hypermart, Matahari Department Store, Siloam Hospitals, Jakarta Globe, Investor Daily, First Media, First REIT, LMIR REIT, Auric Pacific, and Lippo Incheon Development among others. Lippo Group operates in Indonesia, China, United States of America, Canada, Singapore, Hong Kong, Macau, South Korea, The Philippines, and Australia primarily. The group operates through both listed and privately held companies and run by international and local industry professionals. Lippo Group has a successful track record and partners with leading global institutions such as CVC Capital, Temasek, GIC, AIG, Khazanah, Mitsui, Clarity Partners, RZB Bank, among others.
Jane Lu, from the National University of Singapore’s Business School, has been appointed to be the 1st holder of the James Riady Chair in Asian Business and Economics at the University of Melbourne. The chair is funded by Indonesian businessman James Riady, who is an alumnus of Melbourne’s Faculty of Business and Economics. Professor Lu will play a role developing Asian-focused teaching and development activities.
Mochtar Riady, chairman of the Lippo Group â€" one of the largest privately owned banking and financial services companies in Asia â€" has been elected to the Board of Trustees.
Riady, a citizen of Indonesia, is the 1st foreign national to serve as a trustee of a major research university in the western United States.
As chairman of the Lippo Group, Riady oversees a wide range of private and public companies with interests in banking, insurance, finance, manufacturing and urban infrastructure development projects, including major investments in Indonesia, Hong Kong, the People’s Republic of China and other Asian countries.
Riady is chairman of the Asian Bankers Association and serves on the boards of Trisakti University, in Jakarta; the Satya Wacana Christian University of Indonesia; the Indonesian Banking Education Foundation and the Friends of the Environment Fund.
A major contributor to the economic growth of Indonesia, the Lippo Group has also been involved in educational development. School systems and universities are integral to three of the group’s latest urban development/new township projects â€" Lippo City, Lippo Village and the Royal Sentul Highlands, located in suburban Jakarta.
Riady, whose parents emigrated to Indonesia from China’s Fujian province, was born in Malang, East Java, Indonesia. His business success story is classically entrepreneurial: Riady began as the proprietor of a bicycle shop in central Java, and in the subsequent 40 years has parlayed his original investments into a multinational enterprise with a market capitalization of more than $3 billion.

Riady attended the University, in Nanking, China.

Eastern College of Chung Yang -

Riady and his wife, Sury-awaty, have six children, including son Stephen, 34, a graduate of the School of Business Administration, who with his brother now runs some of the Lippo Group’s major operations.
Pelita Harapan Foundation was founded by the Riady family. The Foundation schools educate children in three socioeconomic levels. Its vision is to establish 10 elite, private Christian schools that prepare students to study at any international university. It also desires to establish 100 schools for children in a middle-class socioeconomic level and 1,000 schools for Indonesians in rural villages.
Matahari is Indonesia's largest department-store chain by sales, with a 32% market share. The chain, which sells affordable fashion, has 116 stores across Indonesia, its share-offer document said. CVC bought an 80% stake in Matahari in April 2010 for US$770 million from Indonesia's Riady family, which owns most of the rest of Matahari's shares.
Private-equity firm CVC Capital Partners has raised around US$1.3 billion from selling nearly half of its stake in Indonesian retailer Matahari Department Store, LPPF.JK +1.28% people with knowledge of the deal said Friday. The reaction to the share saleâ€"so far nearly five times oversubscribed, one of the people saidâ€"reflects continued strong demand for assets in Southeast Asia, especially in consumer sectors, due to robust national economies and growing, increasingly affluent middle classes. Indonesia is one of the region's fastest-growing markets, with a middle class estimated at 130 million people by the World Bank. The country's economy is expected to grow by up to 6.8% this year. CVC, which owns around 80% of Matahari, will sell 1.17 billion shares for 10,850 Indonesian rupiah each, the middle of its indicated price range of 10,000-11,250 rupiah each, people with knowledge of the deal said.
The Riady family, which owns Multipolar via its parent, the Lippo Group, has said it would seek a partner to help open 80 new stores across the country over the next five years. A unit of Singapore state investment company Temasek Holdings plans to buy 26.1% of Indonesian retailer PT Matahari Putra Prima, MPPA.JK 0.00% highlighting Indonesia's growing attractiveness to institutional investors due to its increasingly affluent middle class. The unit, Anderson Investments, will offer up to 2.9 trillion rupiah to buy public shares in Matahari Putra, majority stakeholder PT Multipolar MLPL.JK -1.72% said in a statement Tuesday. Multipolar added that it will maintain its 50.2% stake in the retailer. A Temasek spokesman confirmed the investment plan. Temasek's investment in Matahariâ€"which operates 80 hypermarkets in more than 52 Indonesian cities, targeting mostly middle-class buyersâ€"is in line with its strategy of tapping sectors that benefit from rising middle-class income in emerging markets.
OUE, as the company is known, started its buying spree with $1.1 billion of assets when Riady invested in 2006, according to data compiled by Bloomberg. The properties it plans to buy over the next three to five years will help develop a base for property trusts and other investment vehicles, he said. OUE last year bought the Crowne Plaza Singapore, which is connected to Singapore’s Changi Airport, and completed the rebuilding of its OUE Bayfront office development fronting the downtown Marina Bay. The company also acquired DBS Towers One and Two in the city-state’s financial district.
Lippo Group, the Indonesian conglomerate controlled by developer Mochtar Riady, is seeking acquisitions to almost double the assets of its Singapore unit to S$10 billion in as early as three years. Overseas Union Enterprises Ltd. (OUE), which gets about 65 percent of its revenue from hotel operations, is planning at least one investment a year in Singapore to boost property holdings that include office towers, luxury apartments and malls, Stephen Riady, the company’s chairman, said in an interview in Singapore.
Indonesia's Lippo Group has taken sole control of Singapore hotel operator Overseas Union Enterprise (OVES.SI) after buying out its partner Malaysian billionaire Ananda Krishnan in a deal valued at S$957 million ($683.6 million). A Lippo spokeswoman said the Indonesian group raised its effective stake in OUE to 88.5 percent from around 44 percent after buying a 23.85 percent direct stake in OUE along with a 40 percent stake in a firm called OUE Realty from firms linked to Krishnan. OUE Realty, whose other shareholder is Lippo, owned 51.2 percent of OUE, which owns hotels in Singapore, Malaysia and China. The deal values OUE at S$11 per share and the deal is worth S$957 million, Lippo said in statement, adding it intended to retain OUE's listing on the Singapore Exchange. Shares of OUE, whose best-known properties are the five-star Meritus Mandarin and Marina Mandarin hotels in Singapore, rose 33 percent following news of the transaction.
PT Lippo Karawaci Tbk was founded on a vision to impact lives through the development of well-planned sustainable independent townships within green environments and 1st class physical and social infrastructure.
Over more than a decade, the Company has proven itself to be a highly trusted property developer with a most recognisable brand name. It is the owner of the largest diversified landbank and a leader in pioneering projects in strategic locations throughout Indonesia.
Through a merger of 8 property related companies in 2004 the Company has expanded its business portfolio to encompass urban development, large scale integrated developments, retail malls, healthcare, hotels and leisure, as well as a fee-based income portfolio.
Lippo Karawaci is now the largest listed property company in Indonesia by market capitalisation, assets and revenue, with a unique and integrated business model. It operates Indonesia’s premier private hospital group, the only one achieving world class standards, and is an undisputed retail property industry leader.

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