Singapore-based property developer and investor OUE’s wholly-owned subsidiary is acquiring about a 17.2% stake in Lippo Group’s tech investment vehicle PT Multipolar Tbk (MPC) for Rp1 trillion ($70 million) in a bid to tap into the country’s rapidly growing digital economy.

Besides tech companies, Multipolar also seeks to partner Lippo’s retail businesses while forging collaborations with GoTo—the country’s biggest tech group—which recently invested in Lippo’s retail unit Matahari Putra Prima.In a filing to Singapore bourse on Monday, OUE said

Singapore’S Oue To Acquire 17.2% Stake In Lippo’S Tech Investment Vehicle Multipolar

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Singapore’S Oue To Acquire 17.2% Stake In Lippo’S Tech Investment Vehicle Multipolar

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