Tuesday, December 26, 2006
Ireka Corp to list unit on LSE, director says
Ireka Corp, the listed Malaysian property and construction company, is planning to list its unit on the London Stock Exchange, Business Times reported.
The report citing executive director Lai Voon Hon said the listing of Aseana Properties, its property development unit, on the Alternative Investment Market (AIM) is expected to raise MYR 700m (USD 198m). He added that Ireka is expected to get additional funds to support its property projects in Malaysia and Vietnam through the listing exercise scheduled to take place after April 2007.
Source Business Times (Malaysia)
Value USD 198m (Expected proceed from the listing)
The report citing executive director Lai Voon Hon said the listing of Aseana Properties, its property development unit, on the Alternative Investment Market (AIM) is expected to raise MYR 700m (USD 198m). He added that Ireka is expected to get additional funds to support its property projects in Malaysia and Vietnam through the listing exercise scheduled to take place after April 2007.
Source Business Times (Malaysia)
Value USD 198m (Expected proceed from the listing)
