Corporate news Best11
KUALA LUMPUR: IGB Bhd
has sold its entire 50% equity interest and shareholder debt in a freehold title in London to a unit of global real estate group Hines for £104.37mil (RM600mil).
In a filing with Bursa Malaysia, IGB said its units Verokey Sdn Bhd and Tower Ray Ltd each sold their 50% stakes in joint venture Black Pearl Ltd (BPL), which owns the land known as 18 Blackfriars Road, SE1, London, and transferred their shareholder debt to HNG Blackfriars 1 Ltd for £208.75mil (RM1.2bil).
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