IOI Properties Group Bhd is buying 400 acres from chairman Tan Sri Lee Shin Cheng (centre) for RM1.58bil in cash and new shares.
PETALING JAYA: IOI Properties Group Bhd
is buying 400 acres from chairman Tan Sri Lee Shin Cheng for RM1.58bil in cash and new shares.
The land had a combined gross development value of RM20bil, the company said in a filing with Bursa Malaysia.
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