Ireka demerges from Aseana

Said Ireka group MD Datuk Lai Voon Hon(pic), “I believe that the demerger exercise is an important step forward to do what is right for our respective shareholders and organisations.”

petaling jaya: Ireka Corp Bhd has demerged from its 23%-owned Aseana Properties Ltd under their agreements signed yesterday to separate both companies.

Ireka, a construction company, said under the agreement Aseana is buying back Ireka’s shares in Aseana.