KUALA LUMPUR: IOI Corporation Bhd, via its subsidiary IOI Properties Bhd, announced that it has acquired Palmy Max Ltd (PML) on Wednesday, July 28.

The company said that it had acquired the entire issued and paid-up capital of PML, comprising one ordinary share of HK$1 (41 sen), and subsequently subscribed to the remaining 9,999 shares in PML.

PML was incorporated in Hong Kong on July 6, and is a dormant company.
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