Malaysia Property

(AFX UK key on) 2008-11-18 00:17 Malaysia IGB to spend $556m on China hotels -paper (Interactive Investor) Malaysia Condominium

KUALA LUMPUR, Nov 18 (Reuters) - Malaysian equity developer IGB Corp plans to invest 2 billion ringgit ($555.9 million) to progress hotels in China up the next five years, a newspaper reported on Tuesday. IGB Corp, which operates the Cititel chain in Malaysia, further plans to figure three- and four-star "tourist class" hotels in other regional cities, the Star newspaper quoted Cititel Hotel ... Properties Malaysia

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