Announcement Details/Table Section :
The Board of Directors of IOI Corp is pleased
to announce that the Company had on 21
September 2012 acquired 1 ordinary share of
RM1.00 each from Dato' Lee Yeow Chor ("Dato'
Lee") and Mr Lee Yeow Seng ("Mr Lee")
respectively, representing 100% of the total
issued and paid up share capital in IOI
Properties Holdings Sdn Bhd ("IOI Properties
Holdings") for a total cash consideration of
Ringgit Malaysia Two (RM2.00) only (the
IOI Properties Holdings was incorporated on 14
September 2012 as private limited company under
the Companies Act, 1965 which is currently
dormant. IOI Properties Holdings is intended
for future investment purposes.
Vertical Capacity Sdn Bhd ("VCSB") is a Major
Shareholder of IOI Corp. Progressive Holdings
Sdn Bhd ("PHSB"), which holds 100% equity
interest in VCSB, is a company connected to Tan
Sri Dato' Lee Shin Cheng ("Tan Sri Lee").
Tan Sri Lee, Dato' Lee and Mr Lee are the
Directors and deemed Major Shareholders of IOI
Corp. Dato' Lee and Mr Lee are the sons of Tan
Sri Lee, while Mr Lee Cheng Leang is a Director
of IOI Corp and a brother of Tan Sri Lee. Puan
Sri Datin Hoong May Kuan, who is the spouse of
Tan Sri Lee, and PHSB are the deemed Major
Shareholders of IOI Corp.
Save as disclosed, none of the other Directors
and/or Major Shareholders of IOI Corp and/or
persons connected to them has any interest,
direct or indirect in the Acquisition.
This announcement is dated 21 September 2012.