KUALA LUMPUR: Ivory Properties Group Bhd
(Ivory) has entered into a sale and purchase agreement with Aspen Vision Development Sdn Bhd to dispose off its entire 49% stake in Aspen Vision Land Sdn Bhd (AVL) for RM55mil.
In a filing to Bursa Malaysia on Thursday, Ivory said the divestment would comprise 1.96 million ordinary shares of RM1 each and 177,380 Redeemable Preference Shares (RPS) of RM1.00 each at an issue price of RM100.00 per RPS.
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