IOI Group

IOI Corporation Berhad
Company typePublic limited company
MYX: 1961
ISINMYL1961OO001
Industry
Founded1969
FounderLee Shin Cheng
HeadquartersIOI City Tower 2, IOI Resort City, 62502 Putrajaya, Malaysia
Area served
Southeast Asia
Key people
  • Lee Yeow Chor(Chief Executive Officer)
  • Tan Sri Peter Chin Fah Kui(Chairman)
Revenue
  • Decrease RM 11.58 billion(2023)
  • RM 15.58 billion(2022)
  • Decrease RM 1.82 billion(2023)
  • RM 2.5 billion(2022)
  • Decrease RM 1.13 billion(2023)
  • RM 1.77 billion(2022)
Total assets
  • Decrease RM 17.58 billion(2023)
  • RM 19.17 billion(2022)
Total equity
  • Increase RM 11.33 billion(2023)
  • RM 10.94 billion(2022)
Number of employees
30,000
Subsidiaries
  • IOI Plantation
  • IOI Management
  • IOI Commodity Trading
  • IOI Palm Biotech
  • IOI Investment
  • IOI Ventures
  • IOI Biofuel
Websitewww.ioigroup.com

IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd.[1] IOI is one of Malaysia's biggest conglomerates. It ventured into oil palm plantations in 1983,[2] followed by property development in 1984[3] and refineries in 1997.[2] IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961—now known as Bursa Malaysia—in 1980.[1]

The group was founded and headed by Lee Shin Cheng, the executive chairman, until his death in 2019.[4] Lee Yeow Chor is currently the chief executive.[5]

Its diverse businesses extend from the upstream plantation in Malaysia and Indonesia, to downstream manufacturing of oleochemicals, specialty oils and fats which are exported to over 70 countries.[6]

  1. ^ a b "Corporate Milestones; Corp". IOI Group. Retrieved 28 September 2016.
  2. ^ a b "Our History - IOI Group". Retrieved 18 April 2024.
  3. ^ "Corporate Milestones; Property". IOI Group. Retrieved 28 September 2016.
  4. ^ "Malaysian Tycoon Lee Shin Cheng Dies At 79". Forbes. Retrieved 18 April 2024.
  5. ^ "Board of Directors - IOI Group". Retrieved 18 April 2024.
  6. ^ "About Us - IOI Group". Retrieved 18 April 2024.