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IOI Corporation Bhd Announces Acquisition by Subsidiary
IOI Corporation Bhd announced that IOI Properties Berhad, a 99.77%-owned subsidiary of the Company, had on 24 December 2012 acquired two ordinary shares of MYR 1.00 each, representing 100% of the total issued and paid-up share capital in Knowledge Vision Sdn Bhd for a total cash consideration of MYR 2.00. Knowledge Vision Sdn Bhd was incorporated on 12 December 2012 as a private limited company under the Companies Act, 1965 and is currently dormant.
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