IOI Corporation Berhad, a leading Malaysian conglomerate, has recently undertaken several strategic initiatives to diversify its business portfolio and enhance shareholder value. These actions encompass significant investments in new ventures, strategic acquisitions, and a focus on sustainable growth.
In August 2024, IOI Corporation announced its foray into the renewable energy sector by exploring investments in large-scale solar (LSS) farms. This strategic move aims to tap into the growing demand for sustainable energy solutions and aligns with global trends toward renewable energy adoption. While specific investment figures have not been disclosed, the company is actively evaluating potential projects to establish a foothold in the renewable energy market.
In a significant expansion of its plantation operations, IOI Corporation completed the acquisition of the remaining 60.45% stake in Unico-Desa Plantations Berhad. The deal involved the purchase of 518.11 million shares at an offer price of MYR 1.17 per share, totaling approximately MYR 606.5 million (USD 137.5 million). This acquisition enhances IOI’s plantation assets, reinforcing its position in the palm oil industry.
IOI GROUP
IOI Properties Group Berhad, a subsidiary of IOI Corporation, has been actively expanding its presence in the property sector. In the fourth quarter of the financial year 2024, the property investment segment reported a commendable growth of 32%, reflecting the company’s strategic focus on real estate development and investment. This growth is attributed to the successful launch of new projects and the acquisition of prime land parcels for future development.
Through strategic investments in renewable energy, significant acquisitions in the plantation sector, expansion into the property market, and a robust financial performance, IOI Corporation Berhad is positioning itself for sustainable growth and value creation in the coming years.