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IOI Corporation Bhd Announces Acquisition

Wednesday, 19 Jun 2013 08:00pm EDT 

IOI Corporation Bhd announced that it has on June 20, 2013 acquired two ordinary shares of MYR1each, representing 100% of the total issued and paid-up share capital in the following dormant companies from Dato’ Lee Yeow Chor (Dato’ Lee) and Mr Lee Yeow Seng (Mr Lee) for a total cash consideration of MYR4 only. IOI Plantation Services Sdn Bhd (IOIPS) incorporated on June 19, 2013 and IOI Corporate Services Sdn Bhd (IOICS) incorporated on June 20, 2013. Following the Acquisition, IOICS and IOIPS will become wholly-owned subsidiaries of IOI Corp. 

Company Quote

-0.02 -0.39%
4:52am EDT