IOI Properties Group gets proposals to enhance core biz or diversify

File pic: Construction under way for a mixed development project called IOI Rio City in Bandar Puteri 3 Puchong by IOI Properties in July 2020. NORAFIFI EHSAN / The Star

KUALA LUMPUR: IOI Properties Group Bhd (IOIPG) has received proposals from third parties in Malaysia and also from abroad to either enhance its core business or to diversify into other businesses.

In its reply to Bursa Malaysia Securities on Tuesday, IOIPG said it had also on a preliminary and exploratory basis, reviewed a number of potential investments or acquisitions in the food and beverage segment, real estate, wellness and pharmaceuticals and others.