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IOI Corporation Bhd Announces Acquisition by Subsidiary

Sunday, 30 Dec 2012 11:49pm EST 

IOI Corporation Bhd announced that IOI Properties Holdings Sdn Bhd, a wholly-owned subsidiary of the Company, had on 31 December 2012 acquired two ordinary shares of MYR 1.00 each from Dato’ Lee Yeow Chor and Mr. Lee Yeow Seng respectively, representing 100% of the total issued and paid-up share capital in two dormant companies for a total cash consideration of MYR 4.00 only. They are IOI City Tower Two Sdn Bhd incorporated on 24 December 2012, and IOI City Park Sdn Bhd incorporated on 24 December 2012. 

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0.01 +0.22%
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