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| May 2003 |
- Loders Croklaan has acquired SIM Intelliport Sdn Bhd, a dormant company which will undertake Loders Croklaan's Malaysia operation to cater for the Asia Pacific business
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| April 2003 |
- The subscription rights of the Warrants 1995/2003 were expired.
- Sakilan Desa Sdn Bhd ("SDSB") disposed of its 3,000,000 ordinary shares of RM1.00 each in Minat Tegah Sdn Bhd ("MTSB"), representing 30% interest of the issued and paid-up share capital of MTSB to IJM Plantations Sdn Bhd, a wholly-owned subsidiary of IJM Plantations Berhad for a consideration of RM13 million. The consideration was satisfied with the issue of 13,684,211 ordinary shares of RM1.00 each in IJM Plantations Berhad to SDSB at RMO.95 per share.
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| March 2003 |
- IOI proposed to acquire
21,722 Hectares of Oil Palm Estates and Palm Oil Mill in Sabah
- IOI achieved a 5th placing from a total of 144 companies that were surveyed by CFO Asia, an Asian-based financial magazine. IOI and IOIPB were adjudged the Overall Winners under the category for Financial Highlights.
- IOI entered into several conditional sales and purchase agreements with several
vendors to acquire the entire equity interest in the following companies for
a total consideration of RM608 million:
- B.A. Plantations Sdn Bhd
- Mayvin (Sabah) Sdn Bhd
- Pine Capital Sdn Bhd
- Right Purpose Sdn Bhd
- Mayvin Incorporated Sdn Bhd
- IOI Edible Oils launched its "Safety and Cleanliness Campaign 2003". Numerous
activities in line with the safety, cleanliness and health theme were carried
out such as safety talk on personal protection equipment, chemical handling
and safe driving; talks by the Director of Jabatan Pengangkutan Jalan and IOI
Safety Officer to heighten awareness of IEO's rules of product safety and security
checks; cleanliness programmes such as gotong royong and 5S cleanliness competition,
blood donation and many more.
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| January 2003 |
- Palmco, an IOI subsidiary, acquired Unipamol Malaysia Sdn Bhd and Pamol Plantation Sdn Bhd from Unilever.
- IOI was rated by investors among the cream of public-listed companies operating
in Malaysia during 2002 in Asiamoney's 11th Best Managed Companies of Asia Poll.
Under Overall Best Managed Company category for Malaysia, IOI was voted 3rd
place. It also scored favourably within the top 5 rungs viz: - Overall Best Investor Relations - 3rd
- Best Corporate Strategy - 2nd
- Best Operational Efficiency - 3rd
- Best Access to Senior Management - 2nd
- Best Treatment of Minority Shareholders - 2nd
- Best Communications with Shareholders/Investors - 5th
- IOIPB achieved MS ISO 9001:2000 accreditation from SIRIM whereby lOIPB's Quality
Management System meets SlRIM's stringent requirements in ensuring compliance
with policies and procedures established for its property development, implementation
and delivery systems.
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| December 2002 |
- IOI Properties Berhad ("IOIPB"), Palmco Holdings Berhad ("Palmco")and IOI earned creditable placings among the Top 20 of The Edge's List of the "Top 100 Companies that Gave the Best Returns to Shareholders". IOIPB took pole position for both the 5-year and 10 year period rankings respectively, Palmco came to 6th placing under the 5-year rakings, while institutional investor's favourite, IOI was number 14.
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| November 2002 |
- Palmco Shares were requoted on the Main Board of The Kuala Lumpur Exchange.
- IOI has completed the strategic move into downstream value added manufacturing of specialty oils and fats by acquiring the entire business of Loder Croklaan from Unilever.
- IOI Corporation won the NACRA 2002 Annual Report Award under the Plantation and Mining category. The award was in recognition of outstanding achievement in corporate reporting.
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Corporate Calendar