KUALA LUMPUR: Ireka Corporation Bhd
is considering taking part in the reorganisation of Aseana Properties Ltd in which it has a significant stake by separating the interests of both companies.
Ireka said on Friday it had signed a non-binding heads of agreement with Aseana to take part in the corporate exercise which would separate its interests and its concert party Legacy Essence Ltd and other shareholders --which together own about 50% in Aseana -- from those of Aseana.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
