Taipei 101 stake sale off

The plan was supposed to see IOI Properties purchase a 37.17% stake in Taipei Financial Center Corp for RM2.74bil. -EPA

IOI Properties cancels plan to buy into skyscraper

PETALING JAYA: IOI Properties Group Bhd’s planned stake acquisition in the Taipei 101 skyscraper is now off following the three-month lapse on March 5 to obtain the foreign investment approval from the Investment Commission (FIA) of Taiwan.