Putrajaya, 28 August 2024 – IOI Properties Group Berhad (IOI 置业集团, Stock code: 5249) announced today that its Board of Directors (“Board”) has decided not to accept the offer by its Group Chief Executive Officer, Lee Yeow Seng (“LYS”) to acquire Shenton 101 Pte Ltd (“Shenton 101”), for the redevelopment of “Shenton House”, a commercial property that is located at 3 Shenton Way, 068805 Singapore (“Shenton House”) (“Proposal”).
IOI Properties Group Berhad decides not to accept the Proposal to Acquire Shenton101 and enters into two Management Agreements for the Redevelopment of ShentonHouse
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