Ireka group MD Datuk Lai Voon Hon, “I believe that the demerger exercise is an important step forward to do what is right for our respective shareholders and organisations.”
KUALA LUMPUR: Ireka Corporation Bhd
has demerged from its 23% owned Aseana Properties Ltd under their agreements signed on Thursday to separate both companies.
Ireka, a construction company, said under the agreement Aseana is buying back Ireka’s shares in Aseana.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
