Nexus -
info_outline
Stay signed in to save your points and redeem your rewards at Nexus

Your Rewards are Waiting!

Stay signed in to save the points you've earned. Click on the points to redeem your rewards at Nexus before they expire.

Login In Now
Business

IOI Properties buys RM1.58bil land from Lee, GDV of RM20b

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.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , IOI , Properties , MDSB

Next In Business News
Study finds gap between financial literacy and financial security among Malaysians
Gold falls to 11-week low as oil rises on fresh US-Iran hostilities
Oil steady as investors weigh renewed US-Iran fighting
Stratus Global signs underwriting agreement for Main Market IPO
SC charges ex-Karex CFO with insider trading
CIMB, China Citic Bank partner to boost China-Asean financial connectivity
PETRONAS, JERA sign 20-year LNG supply deal from 2028
Indonesia authorities question Maybank staff over Salim exports
Demand, policies fuel foreign trade
China's May factory-gate prices climb to highest in nearly 4 years

Trending in Biz News

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.