Rebuttal to the Press Release Published by Kinnara
PUBLIC STATEMENT – MARINA BAY CITY LOMBOK
OFFICIAL STATEMENT FROM LUX PROPERTY GROUP
MEDIA RELEASE – STATEMENT TO KINNARA (K-I-N-N-A-R-A) CLIENTS REGARDING MARINA BAY CITY VILLAS
FREQUENTLY ASKED QUESTIONS: KINNARA (K-I-N-N-A-R-A) ALLEGATIONS ABOUT LUX BALI PROJECTS
OFFICIAL RESPONSE TO ADRIAN CAMPBELL (KINNARA) – DECEMBER 19
Rebuttal to the Press Release Published by Kinnara
Issued on behalf of Lux Property – 100% Owners of Marina Bay Investments
The latest press release published by Kinnara contains numerous factual inaccuracies and misleading claims. As the legitimate 100% owners of Marina Bay Investments (MBI), Lux Property provides the following clarification for all investors, stakeholders, and the general public.
⸻
The Buyout Was Publicly Announced by BOTH Parties
Kinnara’s press release now claims they still own 50% of Marina Bay Investments and that no buyout has taken place.
This is demonstrably false.
LUX Press Release:
https://marinabay.city/lux-projects-bali-acquires-100-stake-in-marina-bay-city-lombok/
Kinnara Press Release:
https://marinabay.city/kinnara-asia-finalises-strategic-sale-of-its-stake-in-marina-bay-investments-to-lux-property-developments/
publicly issued and approved separate official media releases confirming the buyout months ago.
These included:
• A Lux announcement confirming full acquisition of MBI - Click Here for Press Release
• A Kinnara-approved media release confirming their exit and acknowledging they had been bought out - Click Here for Press Release
This was not private or ambiguous — it was public, distributed, acknowledged, and uncontested.
For Kinnara to now deny the buyout directly contradicts:
• Their own public communications
• Their formal approval of the sale announcement
• Their acceptance of multi-million-dollar buyout funds
Their reversal is not credible.
………..
Original Source for Read Full:
Rebuttal to the Press Release Published by Kinnara - Marina Bay City | Bali’s High-Yield Alternative