Submitting Merchant Bank
:
RHB INVESTMENT BANK BERHAD
Company Name
:
IOI CORPORATION BERHAD
Stock Name
:
IOICORP  
Date Announced
:
03/12/2013


Type
:
Announcement
Subject
:
MULTIPLE PROPOSALS

Description
:
IOI CORPORATION BERHAD ("IOIC" OR "COMPANY")

(I) PROPOSED INTERNAL REORGANISATION;
(II) PROPOSED DISTRIBUTION;
(III) PROPOSED RESTRICTED OFFER FOR SALE; AND
(IV) PROPOSED LISTING

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Announcement Details/Table Section :


We refer to the announcements made on behalf of the Board of Directors of IOIC ("Board"), by AmInvestment Bank Berhad and RHB Investment Bank Berhad (collectively referred to as the ("Joint Principal Advisers") on 14 May 2013, 17 May 2013, 24 June 2013 and 22 August 2013 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the announcement dated 14 May 2013 in relation to the Proposals. 

On behalf of IOIC, the Joint Principal Advisers wish to announce that IOIC's solicitors have on 3 December 2013 extractedfrom the High Court of Malaya a sealed orderconfirming the reduction of share premium account of IOIC pursuant to Sections 60(2) and 64 of the Companies Act, 1965 for implementation of the Proposed Distribution. Accordingly, the IOIP SSA, the Other Property Companies SSA, the Land SPAs and the PVB and PSSB SSA have all become unconditional in accordance with their terms and conditions on 3 December 2013. 

On behalf of IOIC, the Joint Principal Advisers wish to announce that the Proposed Disposal of IOIP has been completed on 3 December 2013 in accordance with the terms of the IOIP SSA. 

This announcement is dated 3 December 2013.


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