StocksMedium•4 November 2026•
1 min read
Lee Brothers Seek $3B to Cut IOI Properties Group Debt
Key Facts
1Billionaire brothers Lee Yeow Chor and Lee Yeow Seng aim to raise up to 12.1 billion ringgit ($2.97 billion) to reduce group debt.
Billionaire brothers Lee Yeow Chor and Lee Yeow Seng are seeking to raise up to 12.1 billion ringgit ($2.97 billion) to reduce group debt. Bilyonaryo Business reported that the transactions are designed to lower the net debt-to-equity ratio of IOI Properties Group from 85% to between 30% and 50% over the next three to five years.
The monetization strategy involves a private real estate fund in Singapore and a potential REIT IPO in Malaysia. These plans represent a significant debt restructuring effort for the regional property group.