Lippo Cikarang, Tbk.

Jakarta Globe-Monday, April 27, 2009

Lippo Cikarang Selects New Board of Commissioners

Property developer Lippo Cikarang said its shareholders on Friday approved changes to its board of commisioners.

Ketut Budi Wijaya was chosen as chief commissioner, while Ganesh Chander Grover, Sugiono Djauhari and Indra Simarta were named independent commisioners and Yuke Elia Susiloputro as Commissioner. The Board of Directors remained unchanged. The company also said it expected to finish its Elysium Residence project within the next four years. Last year, it sales rose 74 percent to Rp 277 billion ($25.7million) JG