【IOICORP 交流专区】 IOI 老板一年前的致词

-CLEMENT-

太早吧。。。。。。。。。。。。。

股友

分析一下这宗交易。不能用menara mni 来比较，不同等级，最接近的menara maxis 还可以做比较。

以下的新闻：

Aug
15
Com
0

Menara Citibank up for sale? Author: bicarajutawan | Category: News
Citigroup’s unit, Inverfin, has shortlisted three bidders and may fetch between RM760 million and RM910 million for the building, say sources



INVERFIN Sdn Bhd, the owner of Menara Citibank in Jalan Ampang, Kuala Lumpur, has put its asset up for sale and shortlisted three bidders, sources say.
The bidders are a local listed entity, a private equity fund and a Korean fund. A decision may be made next week.
Inverfin may fetch between RM760 million and RM910 million for the 758,608 sq ft building, based on a bid price of between RM1,000 and RM1,200 per sq ft.
Inverfin is 50 per cent owned by Menara Citi Holding Co Sdn Bhd, a unit of US bank Citigroup. Singapore’s CapitaLand Ltd holds another 30 per cent, while Amsteel Corp Bhd has the rest.
“The building could fetch between RM1,000 and RM1,200 per sq ft. The parties are looking at the terms and conditions of the deal now,” the source said.
Citibank Bhd declined to comment, while the Lion group did not respond to Business Times’ query at press time.
The 50-storey building, built in 1994 by the Lion group, was previously called Menara Lion. It is located at the heart of the city centre, close to the Petronas Twin Towers.
In 2000, the Lion group sold half of the building to Citigroup for RM75.25 million, or RM543 per sq ft, to pare debt.
The building, which is fully occupied, houses Citibank’s local branch, Lion group offices, oil and gas company Talisman, Japan Airlines and the Tourism Board of Thailand, among others.
Citigroup has been selling assets worldwide to raise funds since taking a huge hit from the US subprime mortgage meltdown. Earlier this year, it sold its Japan headquarters to Morgan Stanley in a deal said to be worth US$445 million (RM1.5 billion).
It was also reported that Citigroup is selling two Manhattan office buildings to SL Green Realty Corp for about US$1.58 billion (RM5.3 billion).
In India, Citibank was reported to have sold more than half a dozen flats in Mumbai.
(Source: Business Times Online)

----------------------------------------------------------------------------------------------------------------
22-08-2008: IOI Corp wins bid for Menara Citibank?
by Sharmila Ganapathy
Email us your feedback at [email protected]


KUALA LUMPUR: IOI Corporation Bhd is believed to have succeeded in its bid to purchase Menara Citibank from Citigroup-associated Inverfin Sdn Bhd. Sources said IOI Corp would buy the building for RM800 million after outbidding two others.

While details weren't available at press time on the identity of the other two bidders, a local media report last week said they included a "private equity fund and a Korean fund". The building would likely fetch between RM1,000 and RM1,200 per sq ft, the news report said.

Inverfin's major shareholders are Citigroup's unit Menara Citi Holding Company Sdn Bhd (50% stake), Singapore property developer CapitaLand Ltd (30%) and Amsteel Sdn Bhd (20%).

The CapitaLand website stated that the 50-storey freehold Menara Citibank had a net lettable area of 69,379 square metres (746,789 sq ft) as at Dec 31 last year.

According to Malaysian Rating Corporation Bhd's (MARC) Structured Finance Quarterly Ratings Actions, Reviews and Outlooks - 3Q07, Menara Citibank was at that time 99% occupied with average occupancy rates in excess of 90% since 2002.

Using a discounted cash flow valuation approach, MARC said its assessed capital value for the property was RM398.7 million, a 13% downward adjustment from its market value.

"The strong occupancy levels and increases in rental rates are reflected in the property's average operating profit of about RM28.1 million per annum over the past five years," MARC said in the report.

The ratings agency also said in its report that Citibank Bhd was occupying 42.7% of the total net lettable area of the building. It is understood that Citigroup will retain its Malaysian branch offices at Menara Citibank and will lease the space from the new owner.

Inverfin's principle activities are limited to property investment and office management of its sole property Menara Citibank, according to the MARC report.


------------------------------------------------------------------------------------------------------------------------------------



ioicorp 用了８亿来买，如果要拿到好的income 的话，citibank和lioncor要用什么租金来租回？？？？

Total lettable area: 758,608 sq

market rental rates: RM 8.00 psf (sample :twin tower RM 11psf,maxis RM7 psf,隔壁wisma selangor dredging RM 5psf)

total rental income per month : RM6,068,846.00

total rental income pere anum : RM 72,826,368.00

return yield: 9.1%

以上是gross income，还未扣除各种开销 例：保养，地税，门牌税，员工费用等。

可以说是好的投资，如果８块钱租的出的话。

c56733

目前Menara Citibank平均的每平方尺租金是RM7.50.
以Total lettable area: 758,608 sq ，我们保守估计出租率为95％，
也就是约720000平方尺。
一个月收的租金是RM540万，一年租金是约6400万。
这样一年的毛回酬是约8.1％。
至于扣除管理费，杂费等还剩多少，你们自己算。。。。

tn728202

今天的夜報
有提到IOILAND可能私有化？ 然後拿去發展REIT
如果是事實的話，大家怎樣看？

klagigi

那边真的很抢手。。。旧租户还没迁出，新的租户很快的就拍板租了。。
而且夸张的是还有所谓的tenant waiting list, 太多公司想租了。。。

tn728202

原帖由 yewpoh2002 于 27-8-2008 12:41 AM 发表

你去看什么报？我找不到阿？

（吉隆坡）IOI集團（IOICORP,1961,主板種植組）成功競標花旗銀行大廈，不過競標額與其他細節不詳，亞歐美研究不排除這項收購具有策略性原因，可能推出產業投資信託（REITS），並可能是私有化子公司IOI產業（IOIPROP,1635,主板產業組）的前兆。
不過，市場對這項“多元投資”策略不甚看好，在擔憂乖離核心業務，加上原棕油期貨市場節節敗退，此公司今日（週二，8月26日）復牌表現失常，一度狂掉24仙或4.8%至4令吉76仙，跌幅創下3週新高。閉市前收窄至4令吉82仙，跌18仙。
Avenue投資有限公司基金經理人解釋，由於投資者不希望此公司“不務正業”，只希望能專注在種植業務，導致股價遭沽售。此公司進軍產業，投資者評價就改變，而此公司股價在綜指舉足輕重，這也間接拖累整體投資情緒。”
否認8億收購價
此公司證實成功擊敗其他2位競標者成功收購花旗銀行大廈，並已經與花旗銀行聯營公司Inverfin私人有限公司和股東簽署協議。不過尚未簽署“決定性”合約，而此公司也否認收購價為8億令吉。
亞歐美研究表示，由於目前沒有收購價，因此很難評估影響。不過肯定的這項產業貢獻不大，料淨產業回酬率不超過6%。“因為目前A級辦公室供應吃緊。因此，扣除利息支出與稅務後，料最終淨回酬率不超過2%。”
分析員表示，如果該大廈資本價值如市場傳聞為8億令吉，料這項產業淨收入可達1600萬令吉，與IOI集團淨利超過20億令吉比較微乎其微。不過，交易價約為每平方呎1055令吉，屬於合理水平。
較早前高美達大廈（Glomac Tower）成交價為每平方呎1120令吉，游禮發大廈（Menara YNH）甚至高達每平方呎1230令吉。
不過，亞歐美研究懷疑這項收購動機，包括將這項產業注入IOI產業、集合其他產業資產成立REITs或是私有化IOI產業的前兆。
“這項這項計劃宣佈時只有IOI集團停牌，而IOI產業目前也保留現金來融資其聖淘沙灣（SentosaCove）明年要推出的高級房產計劃，再加上2004年時IOI集團已嘗試IOI廣場與布城萬麗酒店（MarriottHotel）注入經驗失敗，因此料IOI集團不會走回這條舊路。”
至於建立REITS可能性，分析員認為由於很少產業公司會以這種方式購買投資產業，因為IOI集團可以自行建立更便宜的辦公室並享有更好的賺幅，因此認為這項收購動機有策略性，因此結合其他產業資產創造投資產業信託的可能性偏高，藉此也可釋放旗下產業價值。
另一方面，由於IOI產業發售附加股後，IOI集團持股權從70%提高至77%，比較2004年時只有66%。“自從私有化IOI油脂，IOI集團不斷增持IOI產業股權，因此不排除效仿前者經驗將IOI產業私有化。”
由於目前詳情未出爐，亞歐美維持“完全反映”評級與目標價4令吉70仙。不過，與其他純種植大資本股比較，此股價可能會繼續跑輸大市，主要是這項收購看來並非迫切需求，市場將看淡這項計劃，除非屆時公佈有特定收購原因。

星洲

Mr.Business

新闻。

Buyers snap up cheap palm oil as price slumps 6pc
Published: 2008/08/26 -

Palm oil prices may not fall further as domestic demand will recover ahead of fasting month and end-year festivities, says an industry group

BUYERS have been snapping up cheap palm oil, traders and industry officials said on Tuesday, but the prospect of defaults and rising supply still hangs over the market.

Malaysian palm futures tumbled 6 per cent, bringing losses this week to more than 10 per cent, after leading industry analyst Dorab Mistry painted a bearish picture and Dalian soyoil fell by its daily limit.

This was despite Chinese traders at an industry conference saying the country’s buyers had secured 150,000 tonnes of refined, bleached and deodorised palm olein in the past few days, and Indonesia’s main producers body saying defaults were unlikely.

“The market has somewhat stabilised and we have seen some comfortable buying. In the last few days Chinese firms have bought 150,000 tonnes of RBD palm olein to be delivered at Guangzhou and Tianjin,” a leading Chinese trader said.

Demand from China has been rekindled after sharp falls in palm oil prices compelled the world’s largest consumer of vegetable oils to default on purchases, along with India, another top buyer.

But Chinese traders warned that further price falls could spark more defaults on purchases, after Indian and Chinese buyers defaulted on or renegotiated 800,000 tonnes of palm deals as Malaysian futures fell by 45 per cent from a record high in March.

“Since stock levels are high, palm prices are bound to be pressured, and there is a high possibility of defaults for October to December deliveries,” a second Chinese trader said.

Chinese traders said Malaysian companies were not directly affected, unlike Singapore-listed Wilmar International, which holds a lion’s share of the palm oil traded with China.

“Malaysia companies do not have to worry so much about defaults as it is the Singapore companies like Wilmar which have such a high exposure,” the trader said.

Shares of Wilmar, the world’s largest listed palm oil firm, fell 2.7 per cent.

INDONESIA AVOIDS DEFAULTS

Indonesia’s palm oil producers have managed to avoid large-scale defaults, but at the cost of re-negotiating prices of export contracts signed before the large price fall, the executive chairman of the country’s leading palm oil industry body said.

Derom Bangun of the Indonesian Palm Oil Producers’ Association said the country’s overall palm oil exports were likely to rise by 10 per cent in 2008, from last year’s 13 million tonnes, despite market volatility.

“Biodiesel producers are building up stocks now, after the market crash. If crude oil rises a bit more, biodiesel producers will find it profitable to resume production,” he said in an interview.

Palm oil prices may not fall further as domestic demand will recover ahead of fasting month and end-year festivities while production will begin to slow down in September, he said.

But Mistry, a director with Indian firm Godrej International, has halved a call made earlier in the year for palm to top RM4,500, instead saying surging supply meant prices would have to fall to RM2,200 (US$649), nearly 10 per cent off current prices, to trigger new demand.

China’s soyoil futures ended a week of gains that had lifted prices by 10 per cent, falling by the daily 5 per cent limit today on talk that Beijing could cut the tax on cooking oil.

But domestic traders said the cut in the 9 per cent import tax was unlikely, with vegetable oil prices already falling far from their highs.

“We do not think it is possible. Prices have already come down so much, and there is no need for the government to intervene right now,” said an analyst with a government think-tank. - Reuters

http://www.btimes.com.my/Current ... /Article/index_html

Mr.Business

暴利税起征点或下调 种植领域受冲击 2008/08/26 18:00:44
●南洋商报

（吉隆坡26日讯）随着原棕油期货市场持续走软，导致政府的暴利税不足以补贴食用油价格，因此分析员预测政府可能把暴利税的起征点，从每吨2000令吉降低至1700令吉，对种植领域不利。

益资利投资研究指出，昨日，在大马衍生产品交易所里11月份原棕油期货价格下滑了115令吉至每吨2600令吉。在这样的水平下，政府所征收的暴利税并不足够补贴5公斤以下的食用油。

该研究所分析员认为，比较之前每吨原棕油3500令吉的价格，目前原棕油价格水平，将使政府的暴利税税收减少7亿令吉。

有鉴于此，分析员相信，政府可能下调该领域暴利税的起征点。

无论如何，分析员披露，由于最近更高的营运成本造成大量种植业者反对，因此，暴利税起征点应该不会下降到1500令吉的水平。

种植及原产业部部长拿督陈华贵指出，政府可能重新检讨食用油补贴。但是，他没有透露以原棕油为主的食用油会不会起价。

分析员表示，如果政府真的下调暴利税的起征点，肯定是为种植领域的投资信心带来负面打击。不过，对于种植公司净利的影响仅少于3％。

分析员说，森那美（Sime，4197，主板贸服股）及吉隆甲洞（KLK，2445，主板种植股）在大马半岛的油棕种植面积最大，尤其森那美，如果该公司明年收成回酬有所改善，将可以抵销上涨的暴利税。

分析员维持该领域中立的投资评级，森那美仍是其首选。

http://www.nanyang.com/index.php?ch=7&pg=12&ac=877136

股友

看到一些经纪开价RM８ psf。 现在的安排是sale and lease back。就看ioicorp 要向这两大租户如何谈判了。另外car park也是一项很高的收入，底层的租金会是RM３０－RM４０psf 吧。不排除是因为李小静的好胜心态而买下这栋楼，他有各种产业就是在kl 没有一个地标性的建筑物，可能会命名menara ioicorp 吧。他在bandar puteri 发展一个办公楼，只租不卖，叫价比pj 还贵。另外ioimall 的扩充会在今年完成，如他要做REITS这三个产业是很好的选择。

cry8383

1961    IOICORP    IOI CORPORATION BHD  
IOICORP-Trading Halt  

LISTING'S CIRCULAR NO. L/Q :  51303 OF  2008
Kindly be advised that trading in the above Company's securities has been
halted with effect from 4.40 p.m., Friday, 29 August 2008. Trading in the
Company's securitites will resume with effect from 9.00 a.m., Tuesday, 2
September 2008.

Your attention is drawn to the Company's announcement dated 29 August 2008.

Sr. Mgr. Issuers, Listing Div.


29/08/2008   05:00 PM

klagigi

Company Name	:	IOI CORPORATION BERHAD
Stock Name	:	IOICORP
Date Announced	:	29/08/2008

Type	:	Announcement
Subject	:	PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST OF INVERFIN SDN BHD (“PROPOSED ACQUISITION”)
Contents	:	PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST OF INVERFIN SDN BHD (“PROPOSED ACQUISITION”)
Announcement Details : 1. INTRODUCTION The Board of Directors of IOI Corporation Berhad (“IOI” or the “Company”) (the “Board”) is pleased to announce that the Company, had on 29 August 2008, entered into a conditional sale and purchase agreement (“SPA”) with Menara Citi Holding Company Sdn Bhd (“Citi Holding”), CapitaLand Limited (“CapitaLand”) and Amsteel Corporation Berhad (“Amsteel”) (collectively known as the “Vendors”) to acquire the entire equity interest in Inverfin Sdn Bhd (“ISB” or the “Acquiree Company”) comprising of 10,000,003 ordinary shares of RM1.00 each in ISB (“ISB Share(s)”) (“Sale Shares”) for a total cash consideration of RM586,731,176 (“Purchase Price”) subject to the terms and conditions of the SPA. 2. DETAILS OF THE PROPOSED ACQUISITION 2.1 INFORMATION ON THE ACQUIREE COMPANY ISB was incorporated in Malaysia under the Companies Act, 1965 (the “Act”) as a private limited company. ISB is established as a special purpose entity and investment company for the sole purpose of owning and operating Menara Citibank which is located at 165, Jalan Ampang, Kuala Lumpur (the “Property” or “Menara Citibank”). The present authorised share capital of ISB is RM25,000,000 comprising 24,400,000 ordinary shares of RM1.00 each and 60,000,000 preference shares of RM0.01 each. The present issue and paid-up share capital is 10,000,003 ordinary shares of RM1.00 each. The entire issued and paid-up share capital of Acquiree Company is held by the following shareholders:- Shareholders / Vendors No. of ISB Shares (%) Citi Holding 5,000,002 50 CapitaLand 3,000,000 30 Amsteel 2,000,001 20 Total 10,000,003 100 ISB does not have any subsidiary or associated companies. The audited net profit after taxation for the financial year ended (“FYE”) 31 December 2007 was approximately RM20.375 million whilst the audited net asset value of ISB as at 31 December 2007 was approximately RM295.4 million. The financial highlights of ISB and the details of the Property are set out in Table 1 and Section 2.3 of this Announcement respectively.

klagigi

2.2 INFORMATION ON THE VENDORS

The details of the Vendors are as follows:-

2.2.1 Citi Holding

Citi Holding is a company incorporated in Malaysia under the Act as
a private limited company and having its registered office at Level 45,
Menara Citibank, 165, Jalan Ampang 50450 Kuala Lumpur.

The present authorised share capital of Citi Holding is RM100,000,000
comprising of 100,000,000 ordinary shares of RM1.00 each with an
issued and paid-up share capital of RM84,283,700 comprising of
84,283,700 ordinary shares of RM1.00 each.

Citi Holding is principally engaged in investment holding. Citi Holding
is a wholly owned subsidiary of Citibank Overseas Investment
Corporation, which in-turn is wholly owned by Citigroup Inc., both companies
are incorporated in the United States of America.

2.2.2 CapitaLand

CapitaLand is a corporation incorporated under the laws of Republic of
Singapore. Presently, CapitaLand has an issued and paid-up share capital
of approximately SGD4.4 billion.

CapitaLand is principally engaged in investment holding and consultancy
services as well as the corporate headquarters which gives direction,
provides management support services and integrates the activities of its
subisidiaries.

2.2.3 Amsteel

Amsteel was incorporated in Malaysia on 10 October 1974 as Kinta Steel
Sdn Bhd under the Act. It changed its name to Amalgamated Steel Mills
Sdn Bhd on 9 July 1976. It was converted into a public company on
18 June 1982. Amsteel was listed on the Main Board of the Bursa Securities
on 13 January 1983 but was delisted on 11 October 2007. It adopted its
current name on 12 December 1994.

Amsteel is an investment holding company whose subsidiaries are involved
in the investment and development of properties, managing plantations,
hotels and security services.

As at 31 July 2008, Amsteel’s authorised share capital is RM2,000,000,000
comprising 2,000,000,000 ordinary shares of RM1.00 each, of which
1,331,174,812 ordinary shares have been issued and fully paid-up.


2.3 INFORMATION ON THE MENARA CITIBANK

ISB is the sole and legal beneficial owner of Menara Citibank which is located at
165, Jalan Ampang, Kuala Lumpur and held under Strata Geran 43731/M1-A/B1-B5,
1-51/1 Section 63, Lot 313, No. Petak 1 dalam Tingkat No. B1-B5, 1-51, Bangunan
No. M1-A together with accessory parcels Nos. TKB5-A4, TKB4-A8, TKB2-A16,
TKB1-A20, A21, A22, A23, A24, TK5-A25, TKB3-A12, Bandar Kuala Lumpur
Daerah and Negeri Wilayah Persekutuan Kuala Lumpur. It is situated in the heart of
Kuala Lumpur’s Golden Triangle and is 500 meters from Malaysia’s most prominent
retail and office icon, the KLCC Petronas Twin Towers. Menara Citibank is erected
on a parcel of freehold land measuring 12,694 sq. meter (“sq. mt.”) (or
approximately 136,637 square feet (“sq. ft.” )) and is a 50-storey office building
together with five (5) levels of basement car parks shared with Nikko Hotel.

Menara Citibank is a Grade A office building and was issued a certificate of fitness
for occupation in September 1998. It has a strata floor area of 100,115 sq. mt. (or
approximately 1,077,629 sq. ft.) and a net lettable area of 68,156 sq. m. (733,626
sq. ft.) which can be potentially increased to 70,492 sq m or 758,769 sq. ft.
Currently, it enjoys a 99% occupancy rate.

The net book value of the Menara Citibank based on the latest audited accounts
for the FYE 31 December 2007 is RM458 million and the gross rental revenue is
approximately RM43.3 million (excluding the revenue from the car-park of RM3.3
million).

The Property is currently charged as security for the RM160 million nominal value
of Medium Term Notes (“MTNs”) 2007/2014 issued by ISB on 30 August 2007.

2.4 BASIS OF ARRIVING AT THE PURCHASE PRICE

The Purchase Price for the Proposed Acquisition was arrived based on the net
asset value of ISB as at 31 July 2008 after adjusting for the agreed gross
acquisition value of Menara Citibank of RM733.626 million subject to the terms
and conditions of the SPA. The agreed gross acquisition value of Menara
Citibank is based on RM1,000 per sq. ft. over the present net lettable area of
733,626 sq. ft.

klagigi

2.5 MODE OF SETTLEMENT

The Purchase Price in relation to the Proposed Acquisition shall be satisfied
by IOI in the following timeframe and manner:-

Timeframe	Amount Payable RM
Earnest deposit which was paid on 15 August 2008 to the Vendors’ solicitors as stakeholders (“Earnest Deposit”)*	5,000,000
Balance deposit payable upon execution of the SPA to the Vendor’s solicitors as stakeholder (“Balance Deposit”)*	68,362,600
Balance purchase price payable within seven (7) business days from the date the last of the conditions precedent is fulfilled, to the Vendors in the proportion of their respective shareholding in the Company (“Balance Purchase Price”)**	513,368,576
Total	586,731,176

Notes:-

* The total deposit comprise of Earnest Deposit and Balance Deposit (“Total Deposit”)

** The Balance Purchase Price will be increased/(reduced) by RM1.00 for every RM1.00
that the amount required to be paid to repurchase the MTN, (is less than)/exceeds
RM160 million

2.6 SOURCE OF FUNDING AND LIABILITIES TO BE ASSUMED BY IOI

IOI shall finance the Proposed Acquisition using its existing cash reserves.

In addition, IOI will also advance the amount necessary to enable ISB to repurchase
the MTNs on the completion of the Proposed Acquisition.

2.7 ORIGINAL COST AND DATE OF INVESTMENT

As at the date of this Announcement, the information on the original cost of and date
of investment by the Vendors are not made available.

2.8 SALIENT TERMS OF THE SPA

Amongst others, the salient terms of the SPA are as follows:- 2.8.1 The SPA is subject to the following conditions precedent (“CPs”) to be
fulfilled within 45 days from the date of the SPA:-

(i) the Company obtaining the approval of the Foreign Investment
Committee (“FIC”); and

(ii) ISB obtaining the irrevocable written approval of the holders of
the MTNs for the ISB to repurchase the MTNs on the Closing
Date (as defined in the SPA)

2.8.2 The closing shall occur within seven (7) business days from the
date the last of the CPs referred to in Section 2.8.1 of this
Announcement being fulfilled (“Closing Date”).

2.8.3 The Purchase Price will be adjusted based on the difference in the
net asset value of ISB between 31 July 2008 and the Closing Date
to be computed in the manner as set out in the SPA.

2.8.4 In the event that any of the CPs is not satisfied or is deemed not to
have been satisfied on the expiry of 45 days from 29 August 2008
or such other periods as mutually agreed by the Company and the
Vendors respectively, the SPA shall be deemed terminated and
the Vendors shall procure the Vendors’ solicitors to pay the Total
Deposit together with 50% of the Accrued Interest (as defined in
the SPA) to the Company’s solicitors within three (3) business
days of such termination and concurrently to pay the remaining
50% of the Accrued Interest to the respective Vendors based
terms as prescribe in the SPA.

2.8.5 The SPA shall be governed by and construed in accordance with
the laws of Malaysia.

klagigi

3. RATIONALE AND PROSPECTS OF THE PROPOSED ACQUISITION

The Proposed Acquisition presents a rare opportunity for IOI to acquire a Grade A
investment property located at a very prime area within the vicinity of Kuala
Lumpur City Centre. Menara Citibank has a strategic location in the Golden
Triangle in terms of its accessibility via public transport and the surrounding
infrastructure. It is located within walking distance from the Ampang Light Rail
Transit (“LRT”) station and major bus routes, several 5-star hotels, KLCC Suria
Shopping Centre and the iconic KLCC Twin Towers. The LRT also provides easy
access to the airport via the KL Sentral Station’s Express Rail Link.

The Proposed Acquisition will provide IOI with an immediate substantial rental
income stream. With its choice location at the heart of Kuala Lumpur and
well served by the surrounding infrastructure and amenities, Menara Citibank
is presently enjoying close to 100% occupancy rate with quality tenants
consisting of multinational companies and reputable companies in their
respective industries.

In addition, the 50-storey Menara Citibank is well-maintained and well-equipped
with high quality mechanical and electrical equipment and good security system.
Its distinctive design and quality also distinguish itself from the competing office
buildings within the vicinity.

On the whole, the Proposed Acquisition is a strategic move which augurs well for
the IOI Group as it accords the Group with the golden opportunity to own one of
the few available high-rise Grade A office buildings in Kuala Lumpur with first class
location and prestigious address.

4. RISK FACTORS

The potential risk factors in relation to the Proposed Acquisition, which may not
be exhaustive are as follows:-

4.1 Acquisition risk

There can be no assurance that the full anticipated rental income of the
Proposed Acquisition will be realised or that the Acquiree Company will be
able to generate sufficient future revenue stream from the Proposed Acquisition
to offset the associated acquisition cost. Such risk could however be mitigated
by optimising the lettable area and reviewing the tenancy terms of the long term
tenancy agreements upon their expiry.

4.2 Political, economic and regulatory conditions

Like all business entities, changes in political, economic and regulatory conditions
in Malaysia could materially and adversely affect the financial and business
prospects of ISB. Changes in these conditions would have a negative impact on
the rental and occupancy rate.

5. APPROVALS REQUIRED

The Proposed Acquisition is not subject to the approval of its shareholders but is
conditional upon the following:-

(i) the approval of FIC;

(ii) the approval of the holders of the MTNs for ISB to repurchase the MTNs, and

(iii) any other relevant authority(ies) if required.

Barring unforeseen circumstances, the application to the FIC, in relation to the
Proposed Acquisition is expected to be made within a period of seven (7) business
days from the date the SPA is executed.


6. DEPARTURE FROM THE SC’ GUIDELINES ON THE OFFERING OF EQUITY
AND EQUITY-LINKED SECURITIES (“SC GUIDELINES”)

The Directors of IOI are not aware of any departure from the SC Guidelines arising
from the Proposed Acquisition.

klagigi

7. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS
CONNECTED

None of the Directors and/or Major Shareholders and/or persons connected
with them have any interests, direct or indirect, in the Proposed Acquisition.


8. FINANCIAL EFFECTS OF THE PROPOSED ACQUISTION

8.1 Issued and Paid-up Share Capital and Substantial Shareholders'
Shareholding

The Proposed Acquisition will not have any effect on the issued and
paid-up share capital of IOI as well as its substantial shareholders'
shareholdings as the Proposed Acquisition does not involve any
issuance of shares.

8.2 Earnings per share

The Proposed Acquisition is not expected to have any material effect
on the earnings per share of the IOI Group for the financial year
ended 30 June 2008. However, the Proposed Acquisition is expected
to contribute positively to the future earnings of IOI Group.

8.3 Net assets per shares and gearing

The Proposed Acquisition will not have any material effect on the net
assets per share and gearing of IOI Group as the acquisition is for cash.

9. DIRECTORS’ RECOMMENDATION

The Board having considered all aspects of the Proposed Acquisition, is of the
opinion the Proposed Acquisition is in the best interest of IOI Group and terms
and conditions are fair and reasonable to the shareholders.


10. THE ESTIMATED TIMEFRAME FOR COMPLETION

Barring any unforeseen circumstances and subject to all approvals being obtained,
the Proposed Acquisition is expected to be completed within the 4th quarter of 2008.


11. DOCUMENTS AVAILABLE FOR INSPECTION

The SPA and all references therein will be available for inspection at the Registered
Office of the Company at Two IOI Square, IOI Resort, 62502 Putrajaya, Malaysia
during normal business hours from Mondays to Fridays (except public holidays) for
a period of three (3) months from the date of this announcement.

This announcement is dated 29 August 2008.

TABLE 1 : FINANCIAL HIGHLIGHTS OF ISB

Financial period ended 31 December 2007	2007 Audited RM’000
Revenue	46,658
Gross Profit	34,588
Operating Profit	34,827
Profit before tax	22,760
Profit after tax	20,375
Shareholders’ funds	295,362
Borrowings	160,253

股友

原帖由 股友 于 7-8-2008 01:27 PM 发表
07/08/08 1.30pm

ioicorp : 4.82
ioicorp-ci : 0.165
premium : 31.2%

29/08/08
ioicorp : 5.10
ioicorp-ci :0.16
premium : 23.5%

prince

全是e文，看不明白，到底是什么事今天黑掉？？？？？

cry8383

ioicorp -暂停交易

上市的通告没有。升/问： 51303 2008
善意提醒交易，在上述公司的证券已
停止生效，从下午4时40分，周五， 2008年8月29日。交易中的
公司的securitites将恢复与效果，从上午9点，周二， 2
2008年9月。

您的提请注意的是，该公司的公布日期为2008年8月29日。

老主教。发行人，上市部。

google 翻译 （不要怪我）

[ 本帖最后由 cry8383 于 30-8-2008 12:18 AM 编辑 ]

kingermy

原帖由 c56733 于 26-8-2008 09:23 PM 发表
目前Menara Citibank平均的每平方尺租金是RM7.50.
以Total lettable area: 758,608 sq ，我们保守估计出租率为95％，
也就是约720000平方尺。
一个月收的租金是RM540万，一年租金是约6400万。
这样一年的毛回酬是 ...

还没算KL的地价上涨哦，保守估计 10年翻一番的话，平均每年 7%  Compounding...那租金该也会跟着上涨吧。。
还有那 8亿有包买地吗？
有人知道那地是 Lease Hold 还是 Free Hold 的呢？

klagigi

原帖由 kingermy 于 30-8-2008 03:39 AM 发表


还没算KL的地价上涨哦，保守估计 10年翻一番的话，平均每年 7%  Compounding...那租金该也会跟着上涨吧。。
还有那 8亿有包买地吗？
有人知道那地是 Lease Hold 还是 Free Hold 的呢？

不是8亿啦。。最新文告里有资料。。

The Board of Directors of IOI Corporation Berhad (“IOI” or the “Company”) (the “Board”) is
pleased to announce that the Company, had on 29 August 2008, entered into a
conditional sale and purchase agreement (“SPA”) with Menara Citi Holding Company Sdn
Bhd (“Citi Holding”), CapitaLand Limited (“CapitaLand”) and Amsteel Corporation Berhad
(“Amsteel”) (collectively known as the “Vendors”) to acquire the entire equity interest
in Inverfin Sdn Bhd (“ISB” or the “Acquiree Company”) comprising of 10,000,003 ordinary
shares of RM1.00 each in ISB (“ISB Share(s)”) (“Sale Shares”) for a total cash
consideration of RM586,731,176 (“Purchase Price”) subject to the terms and conditions
of the SPA.