iProperty Group Completes $10 million Placement and Announces Share Purchase Plan

June 7, 2012

Thursday June 7th   – iProperty Group Ltd (ASX: IPP), the owner of Asia’s No. 1 network of property portals under the iProperty brand (www.iproperty.com), is pleased to announce that it has raised A$10.0 million through a private placement of new ordinary shares to existing shareholders and new institutional and sophisticated investors at an issue price of $1.00 per share.  (“Placement”)

In addition, the Company will offer eligible shareholders the right to participate in a Share Purchase Plan (“SPP”) which will ...

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