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）今天收到了其首席執行官兼主要股東李耀生（LYS）關於可能合資開發位於新加坡申頓路3號的商業地產申頓大廈的提案。
The proposal aims to address potential conflicts of interest due to LYS's dual roles in both IOIPG and Shenton 101 Pte Ltd.
該提案旨在解決由於LYS在IOIPG和申頓101 Pte Ltd的雙重角色而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日集體銷售招標結束時，LYS旗下的申頓101成爲申頓大廈的唯一競標者，底價爲5.38億新元。
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告知IOIPG，鑑於IOIPG自己在新加坡的房地產開發和投資活動，他通過申頓101參與申頓大廈的重建可能與IOIPG的利益衝突。
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.
該重建項目計劃於2025年底在新加坡中央商務區啓動，旨在改造這座佔地3377平方米的物業，有可能將其總容積率從11.2提高到14，以創建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.
申頓101股票的擬議收購價格將反映LYS和Shenton 101產生的實際投資成本，包括收購申頓大廈、顧問費、申請費用和融資，不包括LYS的個人收益。
LYS has assured IOIPG that Shenton 101 is prepared to proceed with the development under the tender terms and is actively securing funding.
LYS已向IOIPG保證，申頓101已準備好根據招標條款進行開發，並正在積極獲得資金。
He has proposed the venture to IOIPG to resolve potential conflicts of interest.
他已向IOIPG提議該合資企業，以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.
根據馬來西亞證券交易所證券有限公司的主要市場上市要求，該提案被歸類爲關聯方交易。
Both LYS and Datuk Lee Yeow Chor (DLYC), another major shareholder, will abstain from board deliberations and voting.
LYS和另一大股東拿督李耀周（DLYC）都將投棄權票，參加董事會的審議和投票。
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.
不包括LYS和DLYC在內的IOIPG董事會表示，它將審查該提案，並考慮其他合適的替代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，它將聘請專業顧問提供指導，並將任何重大更新立即通知布爾薩證券。
The proposal is initially valid for four months, with the possibility of a two-month extension upon mutual agreement.
該提案最初的有效期爲四個月，經雙方同意，可以延長兩個月。
譯文內容由第三人軟體翻譯。