John Riady, chief executive officer at PT Lippo Karawaci Tbk, speaks during an interview in Jakarta, Indonesia, on Monday, Sept. 9, 2019. The Riady scion is charting a new course for growth. The focus would be mainly on property development and health care -- legacy businesses that are “relatively protected from the digital revolution,” Riady said. Photographer: Dimas Ardian/Bloomberg
JAKARTA: Late last year, when Indonesia’s biggest property developer was sinking under debt, it was crunch time for the Lippo Group’s Riady family.
At a meeting to discuss rescue options, tycoon Mochtar Riady, 90, the founder of the group, turned to his young grandson for help.
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