Ivory’s primary business is property development. All of its completed projects with a total GDV of RM675m have been in Penang (see Table 2), and we understand that it is planning to further expand its focus in the state as well as in a new market i.e. Tanjung Malim, Perak with a combined GDV of RM2.7bn (see Tables 3 and 4) while also keeping a lookout for landbanks in the Klang Valley area.
Ivory Properties Group Berrhad : Public Issue of 44.9m New Shares & Offer For Sale Of 16.2m Existing Shares...
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