iProperty.com.my母公司證實即將IPO集資上市

iProperty.com.my Parent Company Confirms IPO

Kuala Lumpur, Malaysia, 16 August 2007 – The parent company of iProperty.com.my, IPGA Limited (http://www.ipgalimited.com/) today confirmed its initial public offering on the Australian Securities Exchange.

Established in 2003, iProperty.com.my dominates Malaysia’s online property market and recently entered profitability. The website works with over 600 real estate agents and 80 top developers to advertise over 15,000 properties. It also features high-end properties by way of its sister site, http://www.iluxury.com.my/.

IPGA Executive Chairman Patrick Grove said, “We are very excited to have the opportunity to tap into capital markets which will give us the resources to take the business to another level. A significant part of the proceeds from the IPO will be used to replicate the success of iProperty.com.my in other Asian markets such as Singapore, Thailand and the Philippines, which the Company plans to enter by way of acquisitions, some of which will be made immediately subsequent to the IPO.”“In the last eight years, the growth of online property websites in the United Kingdom and Australia has been phenomenal”, said Grove. “Those markets now have 70 to 90% of agents paying to advertise with online portals. In Asia the figure is still under 10%, which means that there is still enormous potential for market growth”.

From January 2006 to April 2007 visitors to iProperty.com.my increased by 295% to over 350,000 per month. iProperty.com.my has been confirmed as Malaysia’s leading online property website by both Alexa.com and an independent report by Frost & Sullivan.

iProperty.com.my’s parent company IPGA is majority owned by Catcha Media Group, one of South East Asia’s leading media and entertainment groups with operations in Singapore, Malaysia, Indonesia and Hong Kong. Its portfolio includes Malaysia’s largest English language publisher, Catcha Publishing which publishes 13 titles in the Malaysia market.

Said Grove, “IPGA is backed by a solid management team, including co-founder of Catcha Media Group, Ken Tsurumaru, who has been appointed Chief Executive Officer, and Joshua Wong, a co-founder of iProperty.com.my, who has been appointed Chief Information Officer.”

The Company also boasts an extremely experienced board, including Dato’ Larry Gan, who among his other board positions serves as the Chairman of REDtone International Berhad and Cuscapi Berhad, and Director of AmInvestment Group Berhad, AmBank (M) Berhad and Tanjong Public Limited Company.

The prospectus is available at: http://www.ipgalimited.com/