IOI Properties Eyes RM10bil Singapore Fund Stake Sale

Quick Answer: IOI Properties plans a private real estate fund backed by S$6 billion (RM19.1 billion) of Singapore assets in the next few months, with a potential sale of a 50% stake raising nearly RM10 billion. The developer also targets a Singapore Exchange secondary listing in early 2027 and aims to cut net gearing from about 85% to 30% to 50% over three to five years. For shareholders, the deleveraging plan and the RM2.1 billion raised from the IOIPG REIT IPO are the numbers that matter.

Why Is IOI Properties Selling a Stake in Singapore Assets?

IOI Properties, IOIPG REIT, Tenaga Nasional, GDB, TWL, HB Global, Malakoff, Orkim, Pertama Digital, MMCS, Asdion, Pekat, Theta Edge, ES Sunlogy — Bursa-listed companies in the Nov 3 corporate news roundup

IOI Properties (IOIPG) is targeting a Singapore private fund backed by S$6 billion (RM19.1 billion) of assets.

A 50% stake sale could raise nearly RM10 billion, the core of the deleveraging plan from about 85% gearing.

The secondary listing target of early 2027 would give the group a Singapore Exchange quote alongside its Bursa counterpart.

IOI Properties Eyes RM10bil Singapore Fund Stake Sale — Photo: TheEdge

What Is the IOIPG REIT IPO Price and Yield?

The IOIPG Malaysia REIT priced its IPO at 96 sen per unit, expected to raise RM2.1 billion for IOI Properties. The initial portfolio of nine properties is valued at RM7.66 billion.

The REIT is expected to list on Bursa Malaysia’s Main Market on Nov 25 with a market capitalisation of RM5.3 billion. Its projected distribution yield is 6.6% for FY2027, so compare it with other listed REIT yields before the debut. Read more in our Dividend Investing Guide or the IPO Investing with M+ Global primer.

Which Other Bursa Stocks Made Headlines on Nov 3?

Tenaga Nasional (TENAGA) partnered with IOI Corp (IOICORP) and 12 SMEs on a 500MW solar project in Bahau, Negeri Sembilan. Tenaga holds 70%, IOI Corp 25% and the SME consortium 5%, with combined maximum equity of RM606.2 million.
GDB Holdings (GDB) won an RM877 million contract for a two-block, five-storey logistics hub in Shah Alam. The 34-month job starts Nov 4 and ends September 2029, lifting the order book to RM2.93 billion after a RM1.02 billion Desa ParkCity win.
TWL Holdings (TWL) seeks ratification of 119.7 million options granted to Datin Sek Chian Nee, wife of executive chairman Datuk Tan Wei Lian. The options were fully exercised for RM3.12 million, the second such case after 192 million options granted to Tan.
HB Global (HBGLOB) appointed Ng Chee Siong as executive director as CFO Lim Yong Hwa resigned. CEO Shen Hengbao left on Oct 30 after 17 years.
Malakoff (MALAKOF) restarted its 429MW Lumut gas plant on Oct 7, three months ahead of schedule, under a contract running to Dec 31, 2029.
Orkim (ORKIM) plans five more tankers by 2029, starting with Orkim Ruby in 2027. Early delivery of Orkim Jade lifted fleet capacity 5.4% to 281,534 deadweight tonnes across 21 vessels.
Pertama Digital (PERTAMA) paid S$799,600 (RM3.26 million) to extend the D-Ron acquisition deadline to Dec 31, 2026, after falling under Practice Note 17 in July.
MM Computer Systems (MMCS) secured a RM51.58 million contract to supply GPU-accelerated AI servers via Micro Technology Solution Sdn Bhd.
Asdion (ASDION) obtained court approval for a creditor meeting over RM4.66 million in claims. Its regularisation plan is due by Jan 31, 2027, and shares have been suspended since July 14.
Pekat Group (PEKAT) won SC approval to move from the ACE Market to the Main Market, after combined net profit of RM80.78 million across FY2023 to FY2025.
Theta Edge (THETA) won a RM33.01 million contract to supply up to 5,742 laptops and desktops to Aceteam Networks over five years.
ES Sunlogy (SUNLOGY) secured two Kerjaya Prospek subcontracts worth RM25.07 million combined for works in Pulau Andaman, Penang. Kerjaya Prospek holds 31% of ES Sunlogy.

Key Takeaways

IOI Properties targets a 50% stake sale raising nearly RM10 billion to cut gearing from about 85%.
IOIPG REIT prices at 96 sen, raising RM2.1 billion, with a 6.6% projected FY2027 yield.
Tenaga, IOI Corp and the SME consortium commit up to RM606.2 million to a 500MW solar project.
HB Global faces a possible trading suspension from Nov 10 if its annual report misses Nov 6.
Asdion’s regularisation plan is due by Jan 31, 2027.

📊 On AI Stock Terminal: IOIPG quarterly results · IOIPG announcements

Disclaimer: This article is for general information only and is not investment advice. Always do your own research and consult a licensed adviser before making any investment decision.

Frequently Asked Questions

What is the IOIPG REIT IPO price?

IOIPG Malaysia REIT priced its IPO at 96 sen per unit. The offering is expected to raise RM2.1 billion for IOI Properties.

What is the projected distribution yield for IOIPG REIT?

The projected distribution yield is 6.6% for FY2027. The REIT is expected to have a market capitalisation of RM5.3 billion on its Nov 25 Main Market listing.

Why could HB Global face a trading suspension?

HB Global could be suspended from trading from Nov 10 if it fails to issue its annual report by Nov 6. The company’s auditor has withdrawn, and it has not yet set a release date.

What is Tenaga Nasional’s stake in the Bahau solar project?

Tenaga Nasional holds a 70% stake in the 500MW Bahau solar project. IOI Corp holds 25%, and the SME consortium holds 5%.

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