Ireka demerges from 23% owned Aseana Properties

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.