Posts Tagged ‘IPP’

ASX Company News: iProperty Group Enters Joint Venture With China Central Television

Tuesday, July 10th, 2012

The iProperty Group (IPP), owner and operator of Asia’s No.1 network of property websites in Malaysia, Indonesia, Hong Kong, Macau and Singapore, announced that the company has formed an exclusive partnership with China Central Television (CCTV)’s official online platform, China Network Television – cntv.cn. Under the agreement established via 3rdSpace (CNTV’s exclusive property services partner), the iProperty Group will be the preferred partner publishing more than 380,000 of its residential and commercial property for sale listings as well as news content from across the group’s five core markets on CNTV’s newly launched property portal; reaching more than 35 million China mainland viewers every month.

Chief Executive Officer of the iProperty Group, Shaun Di Gregorio commented: “CCTV is the main news source for the Chinese people and an important window for Mainland Chinese to learn about information overseas. Forming a partnership with CCTV, the national and most influential media broadcaster in China, the world’s fastest growing country with a population of over 1.3 billion, will provide our customers with unparalleled access to the largest group of Mainland Chinese with rapidly-rising wealth and income”.

“The partnership will extend our reach and presence into the second largest economy in the world with the core benefit being to our customers; when they advertise with any one of our market leading property portals, their property listings will now also be seen on the CNTV.cn property website in China. This agreement opens up a whole new set of potential investors and property buyers for our customers. The new site is scheduled to go live on the 25th of July 2012,” added Di Gregorio.

The iProperty Group (IPP) owns and operates Asia’s No.1 network of property websites under the iProperty.com umbrella brand. Headquartered in Kuala Lumpur, Malaysia, the Company is focused on developing and operating leading real property portals with other complementary offerings in Asian markets. It currently operates market leading property portals in Malaysia, Hong Kong, Macau, Indonesia and Singapore, and has investments in India and Philippines. With further expansion planned, the iProperty Group is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region. Along with 18 property websites across the region, the Group’s portfolio also includes the first regional commercial property website, CommercialAsia.com, as well as a regional property exhibition business and monthly property magazines in Malaysia and Indonesia.

www.iProperty.com

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ASX Company News: iProperty Group Sells Indonesian mobil123.com

Tuesday, May 15th, 2012

iProperty Group (IPP) the owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com),  announced that it had agreed to the sale of its Indonesia cars portal ‘mobil123.com’ to iCar Asia Pte Ltd, a wholly owned subsidiary of iCar Asia Ltd and part of the Catcha Group. mobil123.com was acquired by iProperty Group as part of the purchase of PT Web Marketing, owner and operator of rumah123.com, Indonesia’s leading property

portal. The sale price for the assets and business of mobil123.com is a maximum amount of AUD3mill, of which either AUD2.1mill in cash would be paid by instalments over five years following completion of the sale, or in the event of a liquidity event with respect to the purchaser of the assets and business occurring within five years of completion, AUD1mill in cash plus an equity interest in the purchaser of the equivalent of AUD2mill.

iProperty Group CEO Shaun Di Gregorio commented: “Our core business is online property portals and we acquired mobil123.com as part of the acquisition of rumah123.com. We are focused on continuing to develop rumah123.com as the clear market leader in Indonesia and the sale of mobil123.com to iCar Asia Pte Ltd further enhances our focus on that goal. At the same time mobil123.com will get the clear focus it deserves and be part of a larger entity in the autos vertical space. It is a good outcome for all concerned”.

iProperty Group and iCar Asia Pte Ltd will work cooperatively at an operational level to ensure the smooth transition of the business and its continued success. It is envisaged that both parties will engage in cooperative promotion and marketing of the brands and sharing of key resources including tenancy.

Listed on the Australian Securities Exchange, iProperty Group formerly known as iProperty Group Limited (IPP) owns Asia’s leading network of property websites under the iProperty.com umbrella brand. The Company is focused on developing and operating Internet-based real estate portals with other complementary offerings in Asian markets. It currently operates consumer and business online property portals in the markets of Singapore, Malaysia, Hong Kong, and Indonesia with investments in India and the Philippines. With further expansion planned, IPGA is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region.

www.iproperty-group.com

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ASX Company News: iProperty Group Acquires vproperty in Macau

Tuesday, May 8th, 2012

iProperty Group Ltd (IPP), owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com), announced that it had agreed to acquire vproperty.com, the clear leader in the Macau. The acquisition extends the reach of the Group in the region with the Macau based portal being managed by the iProperty Group’s gohome.com.hk business.

Vproperty.com is the clear leader in Macau and currently generates revenue from local real estate agencies and property developers. The portal currently receives 50,000 consumer visits per month, generating 500,000 page impressions and has 60 registered agents as paying subscribers.

With a population of 500,000 Macau attracted 28,000,000 visitors in 2011, 65% of whom are from mainland China. Macau is experiencing extraordinary economic growth with GDP increasing by 21% in 2011 powered by the gaming and entertainment industry and lies at the heart of the Pearl River Delta area.

iProperty Group has agreed to acquire vproperty.com for USD300K in cash upon completion of the acquisition. This acquisition will be paid for using existing cash reserves.

Shaun Di Gregorio, CEO of the iProperty Group, said “following our success in making gohome.com.hk the leading property portal in Hong Kong, we see the Macau based vproperty.com as a natural extension in the region. This provides us with clear market leadership in both Hong Kong and Macau allowing us to offer advertisers a more compelling proposition and providing us improved access to property investors from mainland China. It’s the world’s most dynamic region and the acquisition of vproperty.com provides us with an expanded footprint and presence”

www.iproperty-group.com

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ASX Company News: IPGA Secures $8.9 million Investment

Tuesday, June 21st, 2011

IPGA Ltd (IPP), the owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com), announced that it has entered into an agreement with SeLoger.com to raise A$8.9 million by way of a strategic investment from SeLoger.com, France’s number one ranked property portal and part of Axel Springer, one of Europe’s largest Media Groups. The investment by SeLoger.com is recognition and validation of IPGA’s leadership position in Asia where it operates market leading property portals in Malaysia, Singapore and Hong Kong, and has recently entered into an agreement to acquire the #1 and #3 property portals in Indonesia.

Simon Baker, the Chairman of IPGA Limited, commented: “We are delighted to have SeLoger.com invest in the business. They are a global leader in the industry operating one of the largest and most successful property portals. This investment will provide IPGA with funds and experience to further consolidate our leading positions in Malaysia, Singapore, Hong Kong, and Indonesia, and to look for new opportunities to expand within the region.” “We are pleased to announce that Roland Tripard, the CEO of SeLoger.com, will join the Board and that the companies will actively exchange best practice information, ideas and operating approaches. The combination of SeLoger’s significant experience in residential and commercial portals, software, print, and events, combined with IPGA’s rapid growth and well established footprint, will create a formidable partnership in the Asian region”, continued Baker.

IPGA Limited (IPP) owns Asia’s leading network of property websites under the iProperty.com umbrella brand. The Company is focused on developing and operating Internet- based real estate portals with other complementary offerings in Asian markets. It currently operates consumer and business online property portals in the markets of Singapore, Malaysia, Hong Kong and Indonesia, with investments in India and the Philippines. With further expansion planned, IPGA is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region. SeLoger.com has been the leader in on-line real estate in France for the past 18 years. Its websites are available on all devices (computer, mobile phone and connected TV) and every day millions of French Internet users view the 1.1 million plus listings posted by the 20,000+ estate agent professionals. Be it a purchase or rental, resale or property development, in France or abroad, a business location or a luxury property, everyone can satisfy their property requirements.

www.iproperty.com

www.groupe-seloger.com

http://www.traderdealer.com.au/fundamentals/ipp

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ASX Company News: IPGA Acquires PT Web Marketing

Monday, May 30th, 2011

IPGA Ltd (IPP), the owner of Asia’s No. 1 network of property portal sites under the iProperty brand , announced that it has agreed to acquire PT Web Marketing, owner and operator of Indonesia’s largest property portal www.rumah123.com. Simultaneously IPGA Ltd has also agreed to acquire the number three ranked property portal in Indonesia, www.rumahdanproperti.com. Rumah123.com is Indonesia’s largest and most established property portal. Based in Jakarta and with a staff of more than 50, rumah123.com is the only Indonesian property portal to have successfully rolled out a paid advertising model with more than 1,200 real estate agents purchasing a monthly subscription and another 4,000 agents in the database. In addition rumah123.com also generates revenue from property developers and display advertisers. Rumahdanproperti.com is the number 3 ranked portal in Indonesia. It has an additional 2,200 agents, 15,000 property listings and an additional audience of 100,000 unique visitors per month.

Shaun Di Gregorio, the CEO of IPGA, commented: “Following our success in Malaysia, Singapore and Hong Kong, we identified Indonesia as a natural growth market for the business. Research shows that Indonesia is undergoing strong economic growth and there is now more than US$100 million per annum being spent on property advertising and a rapidly growing Internet audience of more than 30 million.” “To ensure the best chance for long term value creation, we simultaneously targeted acquiring the clear market leader in rumah123.com and the #3 player, rumahdanproperti.com. Together this provides a clear leadership position similar to the one we enjoy in the rapidly growing Malaysian market,” continued Di Gregorio.

IPGA Ltd has agreed to acquire PT Web Marketing for AUD1.0 million in cash and 7.0 million shares in IPGA Ltd upon completion. IPGA will acquire ‘rumahdanproperti.com’ for AUD300K in cash upon completion and an additional AUD200K in cash within twelve months of completion based upon certain performance criteria being met. Completion for both acquisitions is targeted to occur by June 30th, 2011.

IPGA Limited (IPP) owns Asia’s leading network of property websites under the iProperty.com umbrella brand. The Company is focused on developing and operating Internet- based real estate portals with other complementary offerings in Asian markets. It currently operates consumer and business online property portals in the markets of Singapore, Malaysia and Hong Kong, with investments in India and the Philippines. With further expansion planned, IPGA is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region.

www.rumahdanproperti.com

www.iproperty.com

http://www.traderdealer.com.au/fundamentals/ipp

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