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Business 15 May 2013 | 4:37 PM Premium

IOI heading to be one of Malaysia's largest property companies with RM14.67bil assets

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.

Business 09 Jan 2014 | 12:00 AM Premium

Next generation at IOI's helm

PUTRAJAYA: In the conclusion to the demerger exercise being undertaken by IOI Corp Bhd, which will see the separation of IOI Properties Group Bhd from IOI Corp, executive chairman Tan Sri Lee Shin Cheng has appointed his two sons – Datuk Lee Yeow Chor and Lee Yeow Seng – as chief executive officers (CEOs) of IOI Corp and IOI Properties, respectively.

Property 11 Jan 2014 | 12:00 AM Premium

Property circles will soon know the name Lee Yeow Seng

LEE Yeow Seng, a name that the property scene will soon know very well, has recently shot into the limelight following his appointment as chief executive officer of IOI Properties Group Bhd.

Business 01 Jul 2011 | 12:00 AM Premium

Avenion to spent RM20bil on 1Progres

SHAH ALAM: Avenion Companies expects to spend more than RM20bil over the next 10 to 15 years to spearhead and implement the 1Malaysia Programme for Green Solutions (1Progres), aimed at reducing carbon dioxide emission.

Business 16 Feb 2008 | 12:00 AM Premium

Revamp plan to drive UEM World

UEM World Bhd's proposed restructuring to better position the group for further growth has received positive response from analysts.

Business 17 Jan 2003 | 12:00 AM Premium

Intan proposes unit stake sale, bonus issue

INTAN Utilities Bhd has proposed a divestment of 30% equity interest in Metropolitan Utilities Corp Sdn Bhd to Compagnie Generale des Eaux SA for a cash consideration of RM36mil. Compagnie Generale is a wholly owned subsidiary of Vivendi Water SA which is a leading European provider of water and wastewater services.

Business 12 Mar 2007 | 12:00 AM Premium

YTL Corp shares set for better show

THE fall of many small and big cap stocks on Bursa Malaysia in late February - triggered mainly by the 'China factor' - had investors in jitters. Thankfully some blue chip stocks like YTL Corp Bhd, which were also affected, are beginning to buck the trend. Thankfully some blue chip stocks like YTL Corp Bhd, which were also affected, are beginning to buck the trend.

Business 13 Jul 2012 | 12:00 AM Premium

SAAG upbeat on Beta and expects recurring income over the next 20 years from acquisition

PETALING JAYA: SAAG Consolidated (M) Bhd’s acquisition of Beta Asset Sdn Bhd for RM110mil will provide it with recurring income over the next 25 years. Together with its debt restructuring plan, SAAG will go back to the black by its financial year ended Dec 31, 2015, said SAAG’s chief executive officer Anand Subramanian.

Business 16 May 2013 | 12:00 AM Premium

Mixed views on IOI unit demerger

PETALING JAYA: Analysts are both positive and neutral on the demerger of IOI Corp Bhd’s property arm.

Corporate News 30 Dec 2019 | 7:00 AM Premium

How an unsung wine nation opened doors at New York hot spot

NEW YORK: Selling Yugoslav furniture in America prepared Emil Gaspari for an unlikely life as a wine promoter.