Eng - IOI Group

notestothefinancialstatements cont’d41 SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR cont’d41.4 Proposed Acquisition of Interest in Oil Palm Estates and Palm Oil Mill in Sabah cont’dThe Directors and/or major shareholders of the Company who are interested or deemed to be interested inthe proposed acquisition are as follows:iiiiiiivvTan Sri Dato’ Lee Shin ChengDato’ Lee Yeow ChorLee Cheng LeangPuan Sri Datin Hoong May KuanProgressive Holdings Sdn BhdThe proposed acquisition is still pending approvals from the followings:iiishareholders of the Company at an extraordinary general meeting to be convened in which interestedshareholders and persons connected shall abstain from voting;Kuala Lumpur Stock Exchange for the listing of and quotation for the new shares be issued.The full details of the proposed acquisition and the approvals by the SC and the FIC have been announced bythe Company on 20 March 2003 and 2 September 2003 respectively.42 SEGMENTAL INFORMATIONSegment information is presented in respect of the Group’s business and geographical segments. The primaryformat, business segments, is based on the Group’s management and internal reporting structure. Inter-segmenttransactions were carried out on terms and conditions not materially different from those obtainable intransactions with independent third parties.Business SegmentsThe Group comprises the following main business segments:IOI Corporation BerhadAnnual Report 2003210PlantationProperty developmentProperty investmentResource-based manufacturingOther operationsCultivation of oil palm and rubber and processing of palm oil and rubberDevelopment of residential and commercial propertiesInvestment in shopping mall, office complex and other propertiesManufacturing of oleochemicals, specialty oils and fats, palm oil refinery andpalm kernel crushingManagement and operation of hotels and resorts, landscape services and otheroperations which are not sizable to be reported separately