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Old May 3rd, 2013, 11:06 AM   #81
jlgoh
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mall is phase one.. will have office and hotel attached to it in following phases
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Old May 3rd, 2013, 12:28 PM   #82
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clear photo
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Old May 3rd, 2013, 02:14 PM   #83
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not just massive but also good looking
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Old May 3rd, 2013, 02:17 PM   #84
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the crowns are so high
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Old May 3rd, 2013, 04:02 PM   #85
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Old May 5th, 2013, 05:30 AM   #86
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so huge...mammoth size..im pretty sure it will be amazing and a new place for leisure..
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Old May 9th, 2013, 04:46 AM   #87
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IOI Property is a RM15bil property giant in the making, slated for relisting in Sept
By TEE LIN SAY Thursday May 9, 2013
http://biz.thestar.com.my/news/story...7&sec=business



To reward IOI Corp shareholders, not less than half of the RM15bil will be
given back to shareholders in the form of a dividend-in-specie. Based on IOI
Corp’s 6.4 billion shares, this works out to more than RM1.20 per share.


PETALING JAYA: IOI Properties Bhd, which is set to demerge from parent IOI Corp Bhd, will seek relisting on the main market of Bursa Malaysia to become one of the biggest listed property companies in the country with total assets of RM15bil, sources said.

To be listed in September, the asset size of IOI Properties would be worth more than RM12bil even after deducting liabilities, said a source.

To reward IOI Corp shareholders, not less than half of the RM15bil will be given back to shareholders in the form of a dividend-in-specie. Based on IOI Corp's 6.4 billion shares, this works out to more than RM1.20 per share.

IOI Corp shareholders will be getting more than 50% of their IOI Properties shares for free. This is because a property company typically trades at a discount to its book value, and hence, the market value of IOI Properties will be at a discount to the asset size of RM15bil.

The demerger exercise will also entail a renounceable rights issue, where existing shareholders who subscribe to the rights exercise will not be diluted.

The source added that IOI Properties' gross development value would be equally divided between its property businesses in Malaysia and its overseas operations, which consist of Singapore and Xiamen, China.

IOI Properties was privatised in 2009 by IOI Corp at a price of RM2.60 per share, or RM1.3bil.

Tan Sri Lee Shin Cheng, the executive chairman and founder of IOI Corp, is the single largest shareholder of the company, with a 44.8% stake as of yesterday. He has been accumulating IOI Corp shares over the last six months. IOI Corp closed up two sen to RM5.12 on a volume of 4.52 million shares.

“Once listed, IOI Properties would likely be the biggest property company in terms of absolute profitability. More importantly, it would be one of the very few international property plays in Malaysia,” said one source.

As of financial year ended June 30, 2012, IOI Properties recorded an operating profit of RM506.3mil.

The source added that IOI Properties was anticipating a huge spike in its earnings for the next three financial years, as profit contributions from Singapore and Xiamen start streaming in after July 2013.

As of 2012, IOI Properties had a book value of RM7.9bil. For the listing exercise, its book value will be boosted by the revaluation of five mature plantation estates, located mainly in Ayer Keroh in Malacca, Bahau in Negri Sembilan and Kulai in Johor.

IOI Properties has vast tracts of landbank, which were bought cheap and are yet to be revalued.

For instance, the Kulai Estate still has some 1,416.39ha that are yet to be developed, while the Bahau and Ayer Keroh estates have some 404.68ha for development each.

The source revealed that IOI Properties planned to make Kulai the next bustling “Puchong township”.

IOI Properties had been recognised for many successful township developments, particularly, the thriving Puchong residential and commercial township.

Apart from the IOI Puchong Mall, the IOI City Mall in Putrajaya will be one of Malaysia's largest malls with a lettable area of 1.4 million sq ft once it is completed by end-2014.

The source said that since IOI Properties ventured into Singapore and China in 2011 and 2012, the company was no longer just a township developer, but was also steadily rebranding its image towards becoming a high-end condominium and commercial developer.

The company engaged Norman Foster as the architect for its South Beach development in Singapore.

IOI Corp has hired AmInvestment Bank Bhd and OSK Bank Bhd as the advisers for the demerger exercise.
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Old June 2nd, 2013, 10:47 PM   #88
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IMG-20130531-03215 by ujai_didida, on Flickr

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Old June 2nd, 2013, 10:48 PM   #89
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More recent

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IMG-20130531-03212 by ujai_didida, on Flickr

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IMG-20130531-03213 by ujai_didida, on Flickr

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Old June 4th, 2013, 04:37 AM   #90
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i was at this site yesterday. it's like a desert storm there... whenever a lorry pass by the road, dust fly everywhere, greatly reducing visibility. Longer term here may cause health damage....
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Old June 4th, 2013, 10:45 PM   #91
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maybe its because of the massive construction
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Old June 4th, 2013, 10:58 PM   #92
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more pics coming next morning!
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Old June 6th, 2013, 08:32 AM   #93
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it's afternoon already... lemme share first.. freshly taken this morning... :p



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Old June 6th, 2013, 08:33 AM   #94
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I counted 11 tower cranes at this site! plus a few mobile cranes..
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Old June 6th, 2013, 08:36 AM   #95
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Wow nice update! jlgoh!!

I've some HD pics of this construction but too lazy to upload and the pic is getting dated
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Old June 8th, 2013, 09:27 PM   #96
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IOI 1 by ujai_didida, on Flickr

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IOI 2 by ujai_didida, on Flickr

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IOI 3 by ujai_didida, on Flickr

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Old August 25th, 2013, 07:22 AM   #97
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August 24th







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Old September 5th, 2013, 04:14 PM   #98
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Best Retail Development Malaysia

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Old November 11th, 2013, 10:46 AM   #99
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IOI City Mall Video


http://www.youtube.com/watch?v=AxUSBXGy06A
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Old November 11th, 2013, 02:18 PM   #100
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The Clio Residences @ IOI Resort City is coming soon. But is not really within this development.
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