Ireka Listing Property Portfolio on London Stock Exchange
This might interest some people, especially i-Zen owners, who should be getting their units some time next year, i think. And maybe to a lesser extent, Kiaraville (lots of buzz on that one lately…)
Ireka lists property portfolio on LSE on April 5
Ireka Corporation Bhd will be listing its property portfolio on the Main Market of the London Stock Exchange (LSE) on April 5, making its the first such listing of a property fund focussing on Malaysia.
The listing is via a property development fund, Aseana Properties Ltd (APL), which had acquired Ireka’s entire interest in Ireka Land Sdn Bhd and ICSD Ventures Sdn Bhd.
“These proposed disposals and the listing exercise enable the Ireka group to unlock the value of its property portfolio at market value in the form of cash and APL shares
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Comment by Herry123 — May 14, 2007 @ 5:51 pm