Lee raises stake in IOI Properties as prospects in S'pore improve

Stock exchange data show that the company

PETALING JAYA: In recent days, some major shareholders of IOI Properties Group Bhd’s (IOI Prop) have taken the opportunity to up their stakes in the company on the back of the developer’s improving prospects in Singapore, along with undemanding valuations.

The buying support sends a signal to the market that the company is still poised and on track to post satisfactory financial results in the face of a strengthening ringgit environment.