This was a huge surprise. Despite all related parties such as the Lippo Group abstaining from voting, over 90% of unit-holders voted in favour of the restructuring deal. Also, the rights issue in resolution 2 enjoy overwhelming support of over 90%. Hence the rights issue exercise will proceed immediately to complete the new operating model for First REIT.
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With all unit-holders demonstrating such strong support and being one heart one mind with Lippo Karawaci, there is a high likelihood things will go well from this point onwards especially in view that Indonesia has also started its vaccination programme and the Indonesian economy is slowly mending itself.
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