Ideal Property Group acquired a 32% stake in United Bintang Berhad (KLSE:UBB) on January 25, 2014. The deal will consolidate, strengthen our current finances and transform UBB and Ideal Group into one of the top property developers in Penang. UBB's Board of Directors had already endorsed the change of UBB's name to Ideal United Bintang Bhd (IUBB). The name IUBB has been approved by the Companies Commission of Malaysia and is now waiting for the shareholders' approval.


Ideal Property Group completed the acquisition of a 32% stake in United Bintang Berhad (KLSE:UBB) on January 25, 2014.