Classified Ad Ventures makes Asian investment
by Jim Townsend
in Real Estate
16 Apr 2009
Australia-based Classified Ad Ventures, the company started by former REA Group CEO Simon Baker, subscribed to a placement of 5 million shares in IPGA Ltd, owner of iProperty.com, which operates seven real estate Web sites under different brands in Singapore, Malaysia, Hong Kong, Taiwan and India.
At 10 cents a share, the investment represents more than 4 percent of IPGA's enlarged capit