IPP iproperty group limited
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ipp announces new acquisition

  1. faraday
    1 Posts.
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    15/07/08
    11:30
    Post #: 3991918
    IPGA Ltd through its subsidiary, iProperty Group Asia, has entered into an agreement to acquire a controlling stake in Info-Portal Tech International, owner of the property buying website in Taiwan, VRHouse.com.tw. VRHouse is the number one online property portal in Taiwan as measured by user traffic, developer clients and revenue. VRHouse is expected to be profitable for 2008 and is expected to contribute annualised revenue in excess of $1 million to IPGA.

    Looks like a realestate.com.au focused on the asian market.
    IPP Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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