Shareholders Vote in Favour of Scheme
Sydney, Jan 28, 2016 AEST (ABN Newswire) - iProperty Group Limited (iProperty) (ASX:IPP) announces that the requisite majorities of iProperty shareholders today voted in favour of the scheme of arrangement between iProperty and its shareholders (Scheme), which is described in iProperty's scheme booklet dated 14 December 2015, under which REA Group Limited will acquire all the issued ordinary shares in iProperty (which a member of the REA Group does not already own) through its newly incorporated subsidiary Austin Bidco Pty Ltd.
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About iProperty Group Ltd
Headquartered in Kuala Lumpur, Malaysia, iProperty Group Ltd (ASX:IPP) is focused on developing and operating leading real estate portals and delivering the most comprehensive set of related real estate services and project marketing across the Region. The Group owns portals which are market leaders in Malaysia, Thailand, Indonesia and the Hong Kong Region and a leading portal in Singapore. The iProperty Group is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region.
iProperty Group Ltd