Malaysia's Lee family expands IOI Properties' landbank via $370m acquisitions

Malaysia's Lee family expands IOI Properties' landbank via $370m acquisitions

Visual from the company website

Property developer IOI Properties Group Berhad has entered into a conditional share sale agreement with its founder, Lee Shin Cheng and wife Hoong May Kuan, to acquire the entire equity interest in Mayang Development Sdn Bhd and Nusa Properties Sdn Bhd for MYR1.583 billion ($370 million).

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