The rise of Aspen

In the spotlight: Murly is becoming well known in property circles for his Aspen Group, which made the news two years ago when it inked a deal with IKEA franchisee Ikano Pte Ltd and the Penang Development Corp to embark on a massive RM8bil property project in Batu Kawan, Penang called Aspen Vision City.

More will be heard of this developer and the man behind it if the Yi-Lai RTO pans out

IF the planned reverse takeover (RTO) of tile manufacturer Yi-Lai Bhd goes through, it would see the entry of one-up-and coming property developer from Penang, Aspen Vision Group and its co-founder Datuk M. Murly into the capital market.