Ideal United buys companies from exec chairman

In a filing with Bursa Malaysia yesterday, Ideal United said it had proposed to purchase the entire stakes in Modular Platinum Sdn Bhd, Ideal Homes Properties Sdn Bhd and Premium Flame Development Sdn Bhd from Tan Sri Ooi Kee Liang(filepic) and Puan Sri Phor Li Wei.

PETALING JAYA: Property company Ideal United Bintang International Bhd has proposed to purchase stakes in three property firms in Penang from its executive chairman for RM353mil to be satisfied by new shares in Ideal United.

In a filing with Bursa Malaysia yesterday, Ideal United said it had proposed to purchase the entire stakes in Modular Platinum Sdn Bhd, Ideal Homes Properties Sdn Bhd and Premium Flame Development Sdn Bhd from Tan Sri Ooi Kee Liang and Puan Sri Phor Li Wei.