IOI Properties Evaluates JV Proposal by CEO for Shenton House Amid Conflict Concerns
IOI Properties Evaluates JV Proposal by CEO for Shenton House Amid Conflict Concerns
IOI Properties Group Bhd (IOIPG) has received a proposal today from its CEO and major shareholder, Lee Yeow Seng (LYS), regarding a potential joint development venture for Shenton House, a commercial property located at 3 Shenton Way, Singapore.
IOI Properties Group Bhd（IOIPG）今天收到其首席執行官兼主要股東李耀星（LYS）關於潛在的Shenton House商業地產聯合開發計劃的提議，該地產位於新加坡3 Shenton Way。
The proposal aims to address potential conflicts of interest due to LYS's dual roles in both IOIPG and Shenton 101 Pte Ltd.
該提議旨在解決LYS在IOIPG和Shenton 101 Pte Ltd.兩個公司中擔任雙重職務可能導致的潛在利益衝突。
Shenton 101, owned by LYS, emerged as the sole bidder for Shenton House at the close of the collective sale tender on November 1, 2023, offering the reserve price of SGD 538 million.
2023年11月1日，Shenton 101（由LYS擁有）在集體銷售招標結束時成爲Shenton House的唯一競標者，提供了新加坡幣5.38億的保留價。
LYS has informed IOIPG that his involvement in the redevelopment of Shenton House through Shenton 101 may conflict with IOIPG's interests, given its own activities in property development and investment in Singapore.
LYS已通知IOIPG，通過Shenton 101參與Shenton House的重新開發可能會與IOIPG的利益產生衝突，考慮到IOIPG在新加坡房地產開發和投資方面自己的活動。
The redevelopment project, slated to commence by the end of 2025 in Singapore's central business district, intends to transform the 3,377-square-meter property, potentially increasing its gross plot ratio from 11.2 to 14 to create a premier commercial and mixed-use development.
該重新開發項目計劃於2025年底在新加坡市中心的開展，旨在將這塊3377平方米的地產進行改造，潛在地將其總建築面積比率從11.2增加至14，打造一處一流的商業和混合用途開發項目。
The proposed acquisition price for shares in Shenton 101 will reflect the actual investment costs incurred by LYS and Shenton 101, encompassing the acquisition of Shenton House, consultants' fees, application costs, and financing, with no personal gain intended for LYS.
Shenton 101股票的擬定收購價格將反映LYS和Shenton 101實際投資成本，包括Shenton House的收購成本、顧問費用、申請費用和融資成本，LYS不會從中獲得個人收益。
LYS has assured IOIPG that Shenton 101 is prepared to proceed with the development under the tender terms and is actively securing funding.
LYS向IOIPG保證，Shenton 101已準備按招標條件進展，並正積極尋求資金支持。
He has proposed the venture to IOIPG to resolve potential conflicts of interest.
他向IOIPG提議創業公司解決潛在的利益衝突。
The proposal is classified as a related party transaction under Bursa Malaysia Securities Bhd's Main Market Listing Requirements.
該提議屬於Bursa Malaysia Securities Bhd的主要市場上市要求下的關聯方交易。
Both LYS and Datuk Lee Yeow Chor (DLYC), another major shareholder, will abstain from board deliberations and voting.
LYS和另一位主要股東Datuk Lee Yeow Chor（DLYC）將在董事會審議和投票時棄權。
The IOIPG board, excluding LYS and DLYC, said it will review the proposal and consider other suitable alternatives to manage the potential conflict of interest.
IOIPG董事會（不包括LYS和DLYC）表示會審查提議並考慮其他適當的方案來管理潛在的利益衝突。
It added that it will engage professional advisors for guidance and notify Bursa Securities promptly of any significant updates.
它補充說，將聘請專業顧問進行指導，並及時通知Bursa Securities任何重要的更新。
The proposal is initially valid for four months, with the possibility of a two-month extension upon mutual agreement.
該提議最初有效期爲四個月，如果得到雙方同意，則可能延長兩個月。
譯文內容由第三人軟體翻譯。