Malaysian Tycoon Lee Yeow Seng-Led IOI Properties To Raise $490 Million From REIT’s IPO
IOI Properties will use the net proceeds from the IPO to fund expansion plans and reduce debt that has risen about 22% to 25.4 billion ringgit ($6.2 billion) as of end-June from the previous year following its real estate acquisitions in Singapore.
<p>IOI Properties will use the net proceeds from the IPO to fund expansion plans and reduce debt that has risen about 22% to 25.4 billion ringgit ($6.2 billion) as of end-June from the previous year following its real estate acquisitions in Singapore.</p>