REA sells HK business to iProperty, strengthens shareholder grip

14 Oct 2014
REA Group has sold its Hong Kong business to iProperty Group, in a deal worth AUD$15 million (US$13.5 million). The sale is subject to iProperty shareholder approval. iProperty will operate REA's squarefoot.com.hk and its own GoHome.com.hk. Squarefoot also has a printed property magazine that iProperty will take over from REA. REA's stake in iProperty of 17.2 percent, which it bought from Pa


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Emmy Abdul Alim

Author, editor and reporter, Alim had been an independent writer specializing in Islamic finance since 2010 before joining the AIM Group in July 2014. She has been an editor for Thomson Reuters Islamic Finance Gateway since mid-2012. She is the author of the book "Global Leaders in Islamic Finance: Industry Milestones and Reflections" (Wiley, 2013). Before venturing into writing and editing about finance and business, Emmy worked a decade in the performing arts, primarily as a manager and producer. She has lived and worked in the U.K., Egypt and The Netherlands. She now divides her time between Kuala Lumpur and Singapore.