IOI wins bid to buy Menara Citibank

By BUSINESS TIMES

PLANTATION group IOI Corp Bhd said it has succeeded in its bid to buy Menara Citibank in Kuala Lumpur and has reached an agreement with owner Inverfin Sdn Bhd to enter into a definitive agreement in due course.

It declined to say how much the deal would be worth. “The company shall make the requisite announcement on the detailed terms of the purchase in accordance with the listing requirements as soon as the definitive agreement has been executed,” it said in its filing to Bursa Malaysia yesterday.

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