PropertyGuru Completes Acquisition of iProperty Malaysia and thinkofliving Thailand | Business
SINGAPORE–(BUSINESS WIRE)–Aug 3, 2021–
PropertyGuru Group (“PropertyGuru” or “the Group”), Southeast Asia’s leading property technology (“PropTech”) company 1, today announced that it has successfully completed the acquisition of iProperty Malaysia and thinkofliving, following its initial announcement on 31 May 2021.
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PropertyGuru now owns all of the shares in REA Group Limited’s (ASX:REA, “REA”) entities in Malaysia and Thailand, which include iProperty.com.my and Brickz.my in Malaysia and thinkofliving.com and Prakard.com in Thailand. In exchange, REA now has an approximate 18% 2 equity interest in PropertyGuru.
In addition, PropertyGuru announced,…
