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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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
Foreign funds register weekly net outflow of RM799.9mil of Malaysian equities
Oil slips as Middle East crude exports rise, G7 to release stocks
Stocks upbeat, dollar wobbles as Fed hike bets recede
Zetrix AI confirms suspension of RTD services
FBM KLCI makes mild rebound after weak US jobs data
Ringgit opens higher against US$ as weaker US jobs data weighs on greenback
Trading ideas: KLK, Gas, Mah Sing, Samaiden, Berjaya, Zetrix AI, Seal, Inta Bina, Adnex, PMCK, TXCD, DPI, Country Heights, Meridian, LSH, PetChem
IOIPG on the right track
Airbus board appointments herald CEO decision next year, sources say
Yinson at the centre of an FPSO shift

Trending in Biz News

Others Also Read

Load more

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

Best viewed on Chrome browsers.