Disposes of land for RM53.5m. IOIC’s 99.7%-owned subsidiary, IOI Properties has disposed of a company, Paduwan Development Sdn Bhd (PDSB) for RM53.5m (inclusive of settlement of IOIP's loan) to Starwatt Engineering Sdn Bhd. PDSB's principal asset is an agricultural land planted with oil palm measuring 535.45 acres (217 hectares) situated at Mukim of Krubong, District of Melaka Tengah, State of Melaka.
IOI Corporation Berhad : Disposes Of Land For RM53.5m - 6/7/2010
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