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    Ioi Group Background

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    IOI Corporation Berhad is one of Malaysia's largest conglomerates, starting in industrial gas manufacturing and later expanding into property development, oil palm plantations, and other industries. It employs over 30,000 people across 15 countries. The company is listed on Bursa Malaysia and is led by Executive Chairman Tan Sri Lee Shin Cheng and his family through their holding company Progressive Holdings Sdn Bhd. Plantations generate most of IOI's profits, with sizable land holdings and mills producing palm oil in Malaysia and Indonesia.

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    Ioi Group Background

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    scribdoobidoo
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    IOI Corporation Berhad is one of Malaysia's largest conglomerates, starting in industrial gas manufacturing and later expanding into property development, oil palm plantations, and other industries. It employs over 30,000 people across 15 countries. The company is listed on Bursa Malaysia and is led by Executive Chairman Tan Sri Lee Shin Cheng and his family through their holding company Progressive Holdings Sdn Bhd. Plantations generate most of IOI's profits, with sizable land holdings and mills producing palm oil in Malaysia and Indonesia.

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    IOI Corporation Berhad is one of Malaysia's largest conglomerates, starting in industrial gas manufacturing and later expanding into property development, oil palm plantations, and other industries. It employs over 30,000 people across 15 countries. The company is listed on Bursa Malaysia and is led by Executive Chairman Tan Sri Lee Shin Cheng and his family through their holding company Progressive Holdings Sdn Bhd. Plantations generate most of IOI's profits, with sizable land holdings and mills producing palm oil in Malaysia and Indonesia.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    3K views1 page

    Ioi Group Background

    Uploaded by

    scribdoobidoo
    IOI Corporation Berhad is one of Malaysia's largest conglomerates, starting in industrial gas manufacturing and later expanding into property development, oil palm plantations, and other industries. It employs over 30,000 people across 15 countries. The company is listed on Bursa Malaysia and is led by Executive Chairman Tan Sri Lee Shin Cheng and his family through their holding company Progressive Holdings Sdn Bhd. Plantations generate most of IOI's profits, with sizable land holdings and mills producing palm oil in Malaysia and Indonesia.

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    Ioi Group Background

    IOI Corporation Berhad or commonly known as IOI, was incorporated on 31 October 1969 as
    Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest enterprise group
    that started from industrial gas manufacturing. It ventured into property development in 1982,
    followed by oil palm plantations in 1985. As at June 2009, IOI Group employs more than
    30,000 personnel of more than 23 different nationalities in 15 countries.
    IOI is listed on on the main board of the KLSE (also known as Bursa Malaysia). Subsidiaries
    IOI Properties Berhad and IOI Oleochemical Industries Berhad (Industrial Products) were
    separately de-listed from the exchange and fully privatized under IOI Corporation Berhad in
    April 2009 and March 2006, separately.
    IOI also owns 2 resort hotels that is Marriott Putrajaya Hotel and Palm Garden Hotel in
    Putrajaya. In 2005, IOI Properties was ranked second in The Edge's Malaysia Top 10
    Property Developers Award.
    The group is currently headed by Tan Sri Lee Shin Cheng, the executive chairman. Lee has
    two sons and four daughters, all were trained as lawyers. Lee and his family's control of IOI
    Corporation is held via Progressive Holdings Sdn Bhd. Although all of Lee's children work
    for the company, sons Dato’ Lee Yeow Chor and Lee Yeow Seng are given more prominence
    as seen in their representation in IOI Corporation Berhad board of directors.
        • Plantation
    Plantation is IOI's biggest income generator. As at June 2009, about 65 per cent of the
    conglomerate profits comes from its oil palm plantations. The group operates 152,000
    hectares of oil palm plantations in Malaysia and 83,000 hectares in Indonesian. It has 12 palm
    oil mills with total milling capacity of 4.1 million tonnes per year at its 80 estates throughout
    Malaysia.

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