RESIDENTIAL TOWER DEVELOPMENT AGREEMENT

President Lippo Group Theo L. Sambuaga (second right) is hand-held with Senior Vice President, Real Estate Development & Construction Division COO Nobuya Ichiki (second left) witnessed by Chairman of Lippo Group Mochtar Riady (right) and Chief Regional Officer of Indonesia, Mitsubishi Corporation Junichi Iseda (left) when the signing of cooperation of Lippo Group and Mitsubishi Corporation Japan in Jakarta, Wednesday (28/10). The cooperation agreement between Lippo and Mitsubishi is the first step of various planned cooperation, which includes residential, commercial, hospital, retail and hotel development, as well as joint asset management programs, including also in financial areas with investment value of 100 Million US dollars. ANTARA PHOTO/Reno Esnir/pd/15.