Penang News


Lasting legacy-style development for Penang

After its acquisition of a majority stake in listed United Bintang Bhd (UBB), Penang-based Ideal Property Group has announced that it will be including property development into the company’s core portfolio of importing and exporting used and reconditioned heavy equipment and machinery.

With the acquisition, executive chairman Datuk Alex Ooi aims to offer more high-quality projects via UBB in order to create a lasting legacy in the state. “Ideal Property aims to become more than just a property developer,” Ooi said.

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