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Friday, May 13, 2011

IGB targets foreign acquisitions

Property developer IGB Corporation Bhd has allocated up to RM3 billion for various assets acquisitions overseas this year, said managing director, Robert C M Tan.

He said the acquisitions comprising mixed developments, including hotels in Europe and the United States, was in line with the company's expansion plan.

"We always look for deals and that's how we grow," he told reporters after the company's annual general meeting here today.

By Bernama

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