KUALA LUMPUR: IOI Corp Bhd's venture into large-scale solar energy with Tenaga Nasional Bhd (TNB) is expected to unlock value from its land assets while providing a new source of recurring income, says CIMB Securities. The research house views the venture positively, saying it could enhance returns from IOI Corp's land bank and support its long-term earnings diversification strategy. "We estimate the project could generate annual net profit of RM50 to RM60 million.

KUALA LUMPUR: IOI Corp Bhd's wholly owned Luminous Aspect Sdn Bhd has partnered with Tenaga Nasional Bhd's (TNB) subsidiary to develop a 500-megawatt (MW) solar project in Negri Sembilan. The project involves a 500MWac solar photovoltaic facility integrated with a 250MW/1,000MWh battery energy storage system. IOI said Luminous had entered into a joint venture and shareholders' agreement with TNB Renewables Sdn Bhd (TRe) and CSP 500MW Sdn Bhd today.

Source: CNA

TNB Renewables (a subsidiary of Tenaga Nasional Berhad), Luminous Aspect (a subsidiary of IOI Corporation), and CSP 500MW (a consortium of SMEs) have signed a joint venture agreement to develop a 500…

PUTRAJAYA: IOI Properties Group Bhd's real estate investment trust IOIPG Malaysia Reit has set its initial public offering (IPO) retail price at 96 sen per share ahead of its listing on Bursa Malaysia's Main Market on Nov 25. The IPO is expected to raise RM2.1 billion for IOI Properties, while IOIPG Reit's market capitalisation is estimated at RM5.3 billion upon listing.

KUALA LUMPUR/HONG KONG, Nov 3 : IOI Properties Group launched an IPO for its property trust on Tuesday, seeking to raise about 2.1 billion ringgit ($515.7 million), ahead of its planned November 25 listing on Bursa Malaysia. Maybank Investment Bank, a joint principal adviser on the offering, said the IPO wou

IOI has revealed the behind-the-scenes process for selecting Hitman World of Assassination's Elusive Targets and how it designs their special missions.