PUTRAJAYA: The proposed listing and demerger of IOI Properties
Bhd from IOI Corp Bhd will create one of the country's largest property companies with a net asset size of RM14.67bil, delivering average operating profits of RM1bil per year over the next three years, driven by its Singapore and China developments.
This is on the back of RM3bil worth of launches per year, as opposed to RM1bil currently.
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