I-Bhd announces RM100mil investment pledge from major shareholder

KUALA LUMPUR: Property group I-Bhd has announced a RM100 million investment pledge in redeemable preference shares from its major shareholder and chairman Tan Sri Lim Kim Hong.

In a statement today, the company said that the RM100 million infusion will spur the development of the remaining gross development value (GDV) of RM5 billion and also grow its RM1 billion investment property portfolio while maximising returns from assets.