Sun, Dec 23, 2018 – 10:33 PM
BOWSPRIT Capital, the manager of First Reit, late on Friday said that the operations of its Siloam Hospitals Surabaya property in Surabaya were not affected by the road subsidence that took place on Dec 18.
Instead, it pointed out that the Reit had sold a portion of the land next to Siloam Hospitals Surabaya to a subsidiary of its sponsor, Lippo Karawaci, for it to develop a new hospital.
As for Siloam Hospitals Surabaya, it…
The Business Times