Prime Minister Malcolm Turnbull is set pitch to some of the world's leading investors this morning... REA takes over iProperty ahead of East Asia push...
The PM's big pitch to global investors
Prime Minister Malcolm Turnbull is set pitch to some of the world's leading investors this morning, that Australia is still focused on economic reform to according to an article in The Australian.
Those on a panel before international investors at the A50 Australian Economic Forum at the Sydney Opera House include Turnbull, Scott Morrison, Deputy Prime Minister Warren Truss and Trade Minister Andrew Robb.
Robb will nominate tourism as potentially the fastest growing sector in Australia over the next ten years and opportunities in agriculture, infrastructure and the government’s northern Australia development program will be emphasised.
Part of Turnbull's pitch will include underlining the strength and resilience of the economy, highlighting the growth in employment and the healthy growth in services industries.
In depth: Taking a positive approach to industry change
REA takes over iProperty ahead of East Asia push
REA, majority-owned by News Corp, is paying $580m to buy the rest of ASX-listed iProperty it does not own - previously it owned a 23 per cent stake., according to an article in The Australian.
A resolution under which REA will acquire all the issued ordinary shares in iProperty was passed by 97.48 per cent of shareholders.
The takeover will give REA a significant footprint in East Asia, where iProperty has thrived in key markets such as Hong Kong, Thailand, Malaysia, Singapore, Indonesia, and The Philippines.
“We have been focused on building a true multinational business and this is a positive move in that direction,” REA Group chief executive Tracey Fellows said.
“Our success in the Australian market has been built on a solid base of experience and knowledge and this has allowed us to pursue growth opportunities in new or emerging markets.”
In depth: BDM in the spotlight: Sharlene Pipczak
Prime Minister Malcolm Turnbull is set pitch to some of the world's leading investors this morning, that Australia is still focused on economic reform to according to an article in The Australian.
Those on a panel before international investors at the A50 Australian Economic Forum at the Sydney Opera House include Turnbull, Scott Morrison, Deputy Prime Minister Warren Truss and Trade Minister Andrew Robb.
Robb will nominate tourism as potentially the fastest growing sector in Australia over the next ten years and opportunities in agriculture, infrastructure and the government’s northern Australia development program will be emphasised.
Part of Turnbull's pitch will include underlining the strength and resilience of the economy, highlighting the growth in employment and the healthy growth in services industries.
In depth: Taking a positive approach to industry change
REA takes over iProperty ahead of East Asia push
REA, majority-owned by News Corp, is paying $580m to buy the rest of ASX-listed iProperty it does not own - previously it owned a 23 per cent stake., according to an article in The Australian.
A resolution under which REA will acquire all the issued ordinary shares in iProperty was passed by 97.48 per cent of shareholders.
The takeover will give REA a significant footprint in East Asia, where iProperty has thrived in key markets such as Hong Kong, Thailand, Malaysia, Singapore, Indonesia, and The Philippines.
“We have been focused on building a true multinational business and this is a positive move in that direction,” REA Group chief executive Tracey Fellows said.
“Our success in the Australian market has been built on a solid base of experience and knowledge and this has allowed us to pursue growth opportunities in new or emerging markets.”
In depth: BDM in the spotlight: Sharlene Pipczak
