【IOIPG 5249 交流专区】IOI产业

icy97

3年前放棄IOI集團獻購 傳台北101股權折價轉手

2017年10月10日
（台北10日訊）受不了官民壓力，3年前放棄IOI集團開出的新台幣251億元（約34.95億令吉）高價不賣，如今市場再次盛傳，台灣頂新集團擬以新台幣200億元（約27.85億令吉）脫售台北101股權，售價遭大砍超過20%。

3年前IOI集團通過IOI房產（IOIPG，5249，主要板房產）提出購買頂新集團擁有的37.1%台北101股權，當時被外界質疑IOI集團在廈門集美的投資案龐大，集團主席丹斯里李深靜与中國恐有深厚關係，而一度掀起軒然大波，使收購案最終無疾而終。

IOI產業是在2014年12月5日獻購台北101約37.1%股權，但最終未能取得台灣投資局發出的海外投資批准，最終在2015年3月宣布取消收購計劃。

比IOI開價便宜逾20%

如今台灣媒體報導，3年前頂新因爆發假油事件，引發消費者恐慌及憤怒進而展開抵制，如今在“滅頂效應”衝擊下，頂新魏家正尋求退出台灣房地產投資。

“中時電子報”報導，砸下新台幣280億（約38.99億令吉）買下三寶建設旗下的上海1788大樓，以及轉投資台灣之星增資在即，急需資金週轉的魏家再傳已找合作夥伴日本伊藤忠商社接手台北101股權。不過，售價傳較IOI集團3年前開出的價格便宜超過20%。

據《新新聞》報導，急于出售101股權的魏家，今年初透過關係詢問政府對此售股案態度時，前閣揆林全回應說“只要不是中資就好”，因此魏家才尋求伊藤忠接手。伊藤忠是頂新控股第2大股東，持有20%股權。

去年及今年也曾傳出知名私募Blackstone集團、韓國國家退休基金（NPS）與頂新接觸，但終究不了了之。【中国报财经】

icy97

中国业务带动．IOI产业盈利可期

（吉隆坡20日讯）IOI产业（IOIPG,5249,主板产业组）2017财政年表现亮眼，丰隆研究虽预见2018财政年销售目标可能趋向平淡，但未对集团前景转向悲观，看好在新中国产业发展计划接棒下，未来盈利表现依旧可期，而目前不高的估值也开始浮现诱人价值。

估值诱人
明年销售趋平淡

在新加坡Trilinq提前带来盈利贡献下，IOI产业2017财政年核心净利年增60.6%，但丰隆研究表示，公司管理层预见在2017财政年超水准表现后，2018财政年销售目标将回归至平淡的28亿令吉。

“值得一提的是，现有低迷的未入账销售不会影响IOI产业的2018财政年盈利表现，主要是其余155个Trilinq单位将认列。同时，随着买家购兴复苏，超过20亿令吉的库存也有望套现，而中国新增销售也将在2018财政年杪陆续带来贡献。”

目前，IOI集团计划推介中国发展总值达76亿人民币的厦门2和3工程，丰隆研究看好这有望维持国际市场盈利表现，并缓冲Trilinq竣工后影响。

国内业务方面，IOI产业放眼持续推介发展总值达9亿8000万令吉的城镇产业发展计划，将可确保业务稳定性。

“同时，新加坡中央林荫道（C e n t r a lBoulevard）工程现等候大马和新加坡当局批准，而IOI产业放眼在2017年杪动工，以依时在2021年完成。”

整体来看，丰隆研究维持IOI产业财测不变，并相信在盈利持续增长、产业发展计划认购率改善和营运纪录良好扶持下，该股现0.5倍的账面值正浮现诱人价值，给予“买进”评级，目标价2令吉54仙。

文章来源：
星洲日报／财经 ‧ 报道：洪建文‧2017.10.20

Tony-Pua

營運收入增22% IOI房產首季淨利2.4億
2017年11月20日
http://www.chinapress.com.my/20171120/營運收入增22-ioi房產首季淨利2-4億/

（吉隆坡20日訊）IOI房產（IOIPG，5249，主要板房產）截至9月底2018財年首季業績捎佳音，淨利按年增28%至2億4285萬令吉，比較上財年同期的1億8957萬令吉。

IOI房產向馬證交所報備，首季營業額雖按年下滑3%，報8億6998萬令吉，但營運收入則提高22%至3億2900萬令吉，主要是房產發展、房產投資及休閒酒店業務的貢獻

根據報備文件，該公司房產發展業務營業額下滑6%至7億4220萬令吉；營運收入則增21%至2億7020萬令吉。其中，新加坡和廈門的房產項目皆取得較高的吸納率，本地巴生谷和柔佛州亮眼的銷售成績亦貢獻良多。

另外，房產投資業務營業額增長8%至7710萬令吉；營運收入也增16%，達4940萬令吉，受惠于旗下零售業務較高的占用率和租金水平。

IOI房產總執行長李耀昇在文告中指出，預計目前深具挑戰的房產市場將持續復甦至2018年。

5249    IOIPG    IOI PROPERTIES GROUP BERHAD

Quarterly rpt on consolidated results for the financial period ended 30/09/2017

Quarter: 1st Quarter Financial Year End: 30/06/2018 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2017 30/09/2016 30/09/2017 30/09/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 869,979 899,515 869,979 899,515 2 Profit/Loss Before Tax 354,125 289,460 354,125 289,460 3 Profit/(loss) attributable to ordinary equity holders of the parent 242,852 189,568 242,852 189,568 4 Net Profit/Loss For The Period 250,971 199,921 250,971 199,921 5 Basic Earnings/Loss Per Shares (sen) 4.41 4.02 4.41 4.02 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 3.2900 3.3100

icy97

马中推更多计划‧IOI产业下半年料更佳

（吉隆坡21日讯）IOI产业（IOIPG,5249,主板产业组）首季表现符合预测，分析员看好该公司下半年在大马和中国推出更多产业，业绩会更佳。

首季表现符预测

MIDF研究表示，IOI产业截至今年9月杪首季核心净利1亿9560万令吉，相等于该行和市场全年财测的22.3%和21.6%，盈利符合预期。

艾芬黄氏研究指出，尽管营业额下跌，基于营运成本走低，首季营运赚幅由去年30.8%走高至首季32.4%；各业务盈利改善，包括产业发展改善21.0%、产业投资增长16%、休闲与旅游业增长161%。

2018财政年首季6亿7700万令吉产业销售贡献中，54%来自大马（37%来自巴生河流域、17%自柔佛）、34%来自新加坡，另12%来自中国。

兴业研究说，IOI产业这个财政年推展10亿令吉产业，并预计2018财政年下半年在厦门推展11亿6000万人民币之IOI棕榈城计划，销售目标处于25亿令吉正轨上。

基于下半年推出更多产业，艾芬黄氏研究预测下半年获更佳盈利。

丰隆研究认为现财政年盈利可持续，主要是新加坡155单位的产业进账，另外紧随潜在买家显现兴趣，有20亿令吉的库存产业将获套现。

新加坡贡献料告减

丰隆说，厦门第二计划（总发展值46亿人民币）剩余的20亿人民币计划在财政年末推展，料可补足新加坡计划青黄不接。

兴业预期新加坡贡献告减，新加坡Trilinq的755单位中，只有10.8%未售出。

兴业表示，首季未进账销售减至9亿2900万令吉，前为10亿2000万令吉，维持“买进”，目标价2令吉50仙。

MIDF研究也指出，I O I产业将中国与新加坡有新产业推展，新加坡的产业前景改善。除此，亦会联手香港置地，在新加坡中央商业区合营发展，这有助改善资产负债表。

文章来源：
星洲日报／财经·文：张启华·2017.11.20

icy97

Type	Announcement
Subject	OTHERS
Description	Incorporation of Subsidiary
The Board of Directors of IOI Properties Group Berhad ("IOIPG" or the "Company") wishes to announce that the Company has on 2 February 2018 received a Certificate of Incorporation for the incorporation of a wholly-owned subsidiary, namely Novel Vortex Limited (“NVL”). NVL was incorporated on 30 January 2018 in the Territory of the British Virgin Islands as a company limited by shares under the BVI Business Companies Act, 2004 with an issued share capital of 100 ordinary shares of USD1.00 each and NVL is currently dormant. The intended principal activity of NVL is investment holding. The incorporation of NVL is not expected to have a material effect on the earnings or net assets of IOIPG Group for the financial year ending 30 June 2018. None of the directors or substantial shareholders of IOIPG or persons connected to them has any interest, direct or indirect, in the incorporation of NVL. This announcement is dated 2 February 2018.

icy97

海外贡献减．IOI产业次季少赚60%

（吉隆坡23日讯）基于海外产业发展项目贡献减少，以及为联营公司作亏损拨备，IOI产业（IOIPG,5249,主板产业组）截至2017年12月31日第二季净利减60%，从前期的2亿7353万令吉挫至1亿零913万9000令吉，上半年净利下滑23.99%至3亿5199万1000令吉。

上半年净利下滑23.99%

次季营业额倒退40.79%至7亿零744万4000令吉，拉低6个月营业额24.68%至15亿7742万3000令吉。

该公司发文告表示，尽管市况严峻，集团乐观相信大马和海外地理位置良好的产业仍将继续吸引买气，加上12亿令吉未入账销售在手，集团预期产业发展业务表现将令人满意。

“产业投资业务方面，办公楼租赁和互联网零售日趋盛行，换将继续管理投资产业组合来保障租赁率，并为集团创造稳定的永续收入。”

整体来看，IOI产业认为，凭藉集团在大马和海外拥有庞大的优质地库，加上强稳的传递营运纪录，集团应可良好调适市况。

“排除任何不可预见因素，集团预期将传递令人满意的2018财政年表现。”

文章来源：
星洲日报／财经‧2018.02.24

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	707,444	1,194,725	1,577,423	2,094,240
2	Profit/(loss) before tax	189,412	396,225	543,537	685,685
3	Profit/(loss) for the period	114,198	288,445	365,169	488,366
4	Profit/(loss) attributable to ordinary equity holders of the parent	109,139	273,530	351,991	463,098
5	Basic earnings/(loss) per share (Subunit)	1.98	5.80	6.39	9.82
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.2800		3.3100

icy97

IOI产业长期融资触礁．传新加坡84亿项目受挫

（吉隆坡24日讯）市场盛传，IOI产业（IOIPG，5249，主板产业组）高达28亿4000万新元（约84亿令吉）的新加坡联营房产项目受挫，执行能力遭质疑。

《The Edge》引述消息来源指出，联营计划中的先决条件尚在处理中，长期融资计划也触礁；据悉，这可能影响到联营计划。

IOI产业：进展顺利IOI产业受询时强调，上述计划进展顺利，并将公布最新消息。与IOI产业联手的香港置地（HongkongLand）则不愿回应。

IOI产业2016年11月以28亿4000万新元投得该地段，一旦联营计划告吹，香港置地持有的33%股权或投入的9亿4000万新元（约27亿8300万令吉）将撤回。

IOI产业去年6月透过文告指出，将与在伦敦交易所挂牌的香港置地联手在新加坡中央商业区1.1公顷（或2.7英亩）地段发展产业，该联营计划料在今年首季完成。

文章来源：
星洲日报／财经‧2018.02.24

icy97

联营发展新加坡计划．IOI产业拟融资56亿

（吉隆坡10日讯）IOI产业（IOIPG,5249,主板产业组）欲透过多家银行融资，以从中获得19亿新元（约56亿令吉）资金，开展新加坡联营发展计划。

熟知内情的消息人士向The Edge表示，IOI产业正在和5家银行洽谈长期贷款事宜，包括星展、大华、东京三菱UFJ及华侨及三井住友银行，贷款达16亿新元（约48亿令吉），另外，IOI产业与中国银行正在洽谈3亿新元（约9亿令吉）的贷款。

有关贷款主要用于IOI产业早前在新加坡收购的地库，该地库位于金海湾，收购成本为28亿4000万新元（约84亿3000万令吉），面积为1.09公顷2017年6月，IOI产业伙同香港置地共同发展上述计划。

香港置地将持有33%的权益，因此注入9亿4000万新元（约27亿9300万令吉）予该项目。

消息人士说，IOI产业将承担余下19亿新元（约56亿4500万令吉）成本，目前，IOI产业手握16亿新元（约47亿5400万令吉）。

文章来源：
星洲日报／财经‧2018.03.10

icy97

IOI产业香港置地
终止联营狮城项目

2018年3月14日
（吉隆坡13日讯）IOI产业（IOIPG，5249，主板产业股）终止与香港置地（HongKong Land）联手发展新加坡中央林蔭道路地段的了解备忘录。

该公司今日向交易所报备，因未能履行先决条件，于3月13日给予香港置地通知，终止备忘录。

不影响发展

IOI产业指出，终止备忘录不会影响中央林蔭道路地段发展项目，因为该公司拥有足够的专业知识、财务能力和其他新加坡项目竣工的良好记录。

该公司也预计，不会明显影响每股净利和每股净资产。并有信心，有能力继续进行和完成该项目。

IOI产业在2016年标得该地，过后，去年中与香港置地签署联营合约。【e南洋】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	TERMINATION OF MEMORANDUM OF AGREEMENT ("MOA") BETWEEN IOI PROPERTIES GROUP BERHAD AND HONGKONG LAND INTERNATIONAL HOLDINGS LIMITED IN RELATION TO A PROPOSED JOINT VENTURE
1.   INTRODUCTION Reference is made to our announcement dated 12 June 2017 in relation to the MOA between the Company and Hongkong Land International Holdings Limited (“HKLI”) in relation to a proposed joint venture through Wealthy Link Pte Ltd (“Wealthy Link”) as the joint venture company (“Proposed Joint Venture”), to jointly own and undertake a proposed development and management of a land parcel at Central Boulevard in Singapore (“Central Boulevard Site”). The Board of Directors of the Company wishes to announce that the Company has terminated the MOA with HKLI by due notice dated 13 March 2018 for the non-fulfillment of certain conditions precedent. IOIPG and HKLI are jointly referred to as the “Parties” and individually as “Party”. 2.   SALIENT TERMS OF THE MOA 2.1   Objective of the MOA The MOA sets out the Parties’ mutual understanding in relation to the Proposed Joint Venture for the proposed development and management of a land parcel at the Central Boulevard Site. Wealthy Link had successfully tendered for the Central Boulevard Site on 11 November 2016 from the Urban Redevelopment Authority (“URA”) acting for and on behalf of the Government of Singapore. 2.2   Conditions precedent The Parties’ agreement to proceed with the joint venture on the terms of the MOA, is conditional on the fulfillment of the following conditions precedent by the Long Stop Date, which is 12 March 2018:- (i)     obtaining of Additional Conveyance Duties Remission approval; (ii)    obtaining of URA approval; (iii)   obtaining of lenders’ approval; (iv)   obtaining of Additional Buyer Stamp Duty Remission approval; and (v)    obtaining of Bank Negara Malaysia approval. 3.  STATUS OF THE CENTRAL BOULEVARD DEVELOPMENT & MATERIAL OBSERVATIONS The Company had announced on 9 November 2016 and 11 November 2016 that Wealthy Link had successfully tendered for the Central Boulevard Site for a tender sum of approximately SGD2.57 billion. Wealthy Link has obtained the provisional permission from the URA in February 2018, to commence development works on the land. The tender for the piling works has been awarded and construction has already commenced. In our announcement dated 12 June 2017, we had disclosed at the outset that the main risk factor associated with the Proposed Joint Venture is the risk of termination of the joint venture. The termination will not impact the development of the Central Boulevard Site as the Group has sufficient in depth expertise, financial capabilities, track record of other completed projects in Singapore and is confident that it will be able to proceed with and complete the proposed development of the Central Boulevard Site. 4.   STATEMENT BY THE BOARD OF DIRECTORS The Board of the Directors of the Company, after having considered the status of the MOA and the conditions precedent, has decided to exercise its rights under the MOA to issue a notice of termination. The termination of the MOA is not expected to have any material impact on the earnings per share and net asset per share of the Company. This announcement is dated 13 March 2018.

icy97

失去香港金主负面　IOI產业盘中挫新低

財经 最后更新 2018年03月14日
（吉隆坡14日讯）IOI產业（IOIPG，5249，主板產业股）和香港置地国际控股有限公司联营协议告吹，分析员认为，失去国际合作伙伴，IOI產业需独自进行有关项目，可能带来较大的负债压力，因此下修其投资评级和目標价。

上述坏消息致使IOI產业在週三（14日）以1.80令吉开低，並一度跌4仙或2.21%，至1.77令吉，刷新52周新低，之后才稍微收復失地，最后以1.77令吉掛收，全天下滑4仙或2.21%，成交量为528万5500股。

基于一些协议条款未能达成，IOI產业和香港置地国际控股宣布停止联营协议备忘录（MOA），不会联手发展和管理新加坡市中心中央林荫道的一片地皮。这意味著，IOI產业接下来得单枪匹马执行这项发展项目。

分析员皆认为，上述发展对IOI產业来说，是一项负面的消息，並可能推高该公司负债率。

IOI產业是于2016年11月以25亿7000万新元（约76亿3961万令吉）標得中央林荫道地皮，该公司隨后在去年6月与香港置地签署备忘录，成立联营公司联手发展有关土地，香港置地將出资9亿4000万新元，以获得联营公司的33%股权。

MIDF研究分析员指出，当初招揽到这家合作伙伴时，他认为双方联手可缓和IOI產业资產的负债压力，但如今联营协议告吹，则表示IOI產业得独自承担上述项目的融资。

负债率提高

「按7亿至8亿新元的预估建筑成本计算，我们预计，IOI產业净负债率將从2018財政年次季（截至去年12月31日止）的0.6倍，提高至0.68倍。」

丰隆投行分析员也认同，失去在高档办公楼资產管理上拥有丰富经验的香港置地作为伙伴非常可惜，IOI產业也表示暂时无意再找联营伙伴。没有了来自香港置地的资金，IOI產业的净负债率將扩大至0.8倍。

兴业投行分析员也估计，IOI產业需要做出更高的银行借贷，来融资建筑成本，虽然如此，由于整个发展项目会在2022年或2023年竣工，所以其负债不会一下大幅增加，而是每年逐步提高。

为了反映负债成本增加，该分析员把IOI產业2019至2020財政年（6月30日结账）净利预测各下砍2%至4%。並將该公司投资评级从「买进」，下修至「中和」，目標价也从2.19令吉，降低至1.75令吉。

MIDF研究分析员亦把目標价自原本的2.09令吉，下调至1.89令吉，但维持「中和」评级。

至于丰隆投行分析员，则维持「买进」投资评级和目標价2.50令吉不变。【东方网财经】

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	541,212	895,824	2,118,635	2,990,064
2	Profit/(loss) before tax	221,734	201,329	765,271	887,014
3	Profit/(loss) for the period	170,435	114,094	535,604	602,460
4	Profit/(loss) attributable to ordinary equity holders of the parent	166,647	121,136	518,638	584,234
5	Basic earnings/(loss) per share (Subunit)	3.03	2.57	9.42	12.40
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.2700		3.3100

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Type	Announcement
Subject	OTHERS
Description	IOI Properties Group Berhad ("IOIPG" or the "Company")- Revaluation in Compliance with Financial Reporting Standard (FRS) 140
The Board of Directors (the “Board”) of IOIPG is pleased to announce that the Board has approved the incorporation of the net gain arising from fair value adjustment of the investment properties of the Group in its unaudited fourth quarter results for the financial year ended 30 June 2018. Please refer to the attachment for details of the announcement. This announcement is dated 27 August 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5895025

Attachments IOIPG-Announcement (Revaluation of Properties)-27.8.2018.doc

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IOI PROPERTIES GROUP BERHAD

EX-date	13 Sep 2018
Entitlement date	18 Sep 2018
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim single tier dividend of 5.0 sen per ordinary share
Period of interest payment	to
Financial Year End	30 Jun 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	Tricor Investor & Issuing House Services Sdn Bhd Unit 32-01, Level 32, Tower A Vertical Business Suite, Avenue 3 Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel: +60 3 2783 9299 Fax: +60 3 2783 9222
Payment date	28 Sep 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	18 Sep 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	13 Sep 2018
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.05

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	673,975	1,195,297	2,792,610	4,185,361
2	Profit/(loss) before tax	306,261	549,611	1,071,532	1,436,625
3	Profit/(loss) for the period	272,540	365,366	808,144	967,826
4	Profit/(loss) attributable to ordinary equity holders of the parent	264,993	336,636	783,631	920,870
5	Basic earnings/(loss) per share (Subunit)	4.81	5.79	14.23	18.42
6	Proposed/Declared dividend per share (Subunit)	5.00	6.00	5.00	6.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.3300		3.3100

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Type	Announcement
Subject	OTHERS
Description	IOI Properties Group Berhad ("IOIPG" or the "Company")Incorporation of Subsidiary
The Board of Directors of IOIPG wishes to announce that Palmy Max Limited, an indirect subsidiary of IOIPG, has on 19 September 2018 received a business license for the incorporation of its wholly-owned subsidiary known as IOI (Xiamen) Business Management Co., Ltd. (“IOIXB”) in Xiamen, the People’s Republic of China. IOIXB was incorporated on 12 September 2018 with a total registered capital of RMB80 million and is currently dormant. The incorporation of IOIXB will not have a material effect on the earnings or net assets of IOIPG Group for the financial year ending 30 June 2019. None of the directors or substantial shareholders of IOIPG or persons connected to them has any interest, direct or indirect, in the incorporation of IOIXB. This announcement is dated 19 September 2018.

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Type	Announcement
Subject	OTHERS
Description	IOI Properties Group Berhad ("IOIPG" or the "Company")Incorporation of Wholly-Owned Subsidiary
The Board of Directors of IOIPG wishes to announce that the Company has on 17 October 2018 incorporated a wholly-owned subsidiary, known as IOI Business Hotel Sdn Bhd (“IOIBH”). IOIBH was incorporated in Malaysia as a private limited company under the Companies Act, 2016 with share capital of RM100. IOIBH is currently dormant and its intended principal activity is hotel and hospitality services. The incorporation of IOIBH is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and shareholding structure of IOIPG Group for the financial year ending 30 June 2019. None of the directors or substantial shareholders of IOIPG or persons connected to them has any interest, direct or indirect, in the incorporation of IOIBH. This announcement is dated 17 October 2018.

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