Classified Ad Ventures makes Asian investment

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

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Jim Townsend