Riady has a 100% stake in Lippo Capital Group Limited (LCG), which is the holding company of Lippo Capital Holdings Company Limited (LCH). LCH, in turn, is the intermediate holding company of LAIL.
On April 14, Riady, via Hongkong Chinese Limited (HCL), bought 15,000 shares in OUE for $14,153.90 on the open market, or at 94.36 cents apiece. LCH is also the intermediate holding company of HCL.
On April 15, Riady bought another 4,800 shares through HCL for $4,512, or 94 cents per share.
On April 16, the executive chairman and group CEO purchased 24,400 shares in OUE for $22,931.25 or 93.98 cents. The shares were, again, bought via HCL.
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Following the purchases, Riady has a total of 552.83 million shares, or a stake of 73.09%, in OUE Limited.
For the FY2024 ended Dec 31, 2024, OUE Limited made a loss of $286.8 million compared to earnings of $81.1 million in the year before. The loss was mainly due to the lower share of results of equity-accounted investees and higher fair value losses recognised on investment properties.
Shares in OUE closed flat at 94 cents on April 17.
