Eng - IOI Group

corporatecalendarAUGUST 2002• IOI Corporation Berhad (“IOI”) disposed its 3,000,000 ordinary shares of RM1.00 each in Kanzen Tetsu Sdn Bhd(“KTSB”), representing 30% interest of the issued and paid-up share capital of KTSB, to FACB Industries IncorporatedBerhad for a cash consideration of RM11 million.SEPTEMBER 2002• Cahaya Kota Development Sdn Bhd acquired the entire issued and paid-up share capital of Tanda Bestari DevelopmentSdn Bhd for a total cash consideration of RM10 million.OCTOBER 2002• IOI acquired 23,738,316 ordinary shares of RM1.00 each in Palmco Holdings Berhad (“Palmco Shares”) from ServitelDevelopment Sdn Bhd, a subsidiary of Sime Darby Berhad (“Sime”) for a cash consideration of RM110 million orRM4.60 per share.Subsequently, IOI distributed 38,483,497 Palmco Shares to the shareholders of IOI on the basis of one Palmco Share forevery twenty four ordinary shares of RM0.50 each held in IOI (“Capital Distribution”) and completed the placementarrangement of the Palmco Shares which might otherwise be received under the Capital Distribution by shareholders ofIOI who were not deemed as public shareholders under the Kuala Lumpur Stock Exchange’s Listing Requirements.IOI Corporation BerhadAnnual Report 2003104