<div class=newsTextDataWrapInner><p>KUALA LUMPUR(Mar 6): IOI Properties Group Bhd(IOIPG) has decided to terminate its RM2.74b share sale agreement (SSA) entered into on Dec 5, 2014 to purchase a 37.17% stake in Taipei Financial Center Corporation (TFCC).</p></div>

<div class=newsTextDataWrapInner><p>TFCC is a Taiwanese company notable for its ownership of the Taipei 101 skyscraper.</p></div>

<div class=newsTextDataWrapInner><p>“The board of directors of IOIPG (fundamental:1.35; valuation: 1.80) wishes to inform that following from Clause 10.1(c) of the SSA, the three-month period for the seller and purchaser to obtain the foreign investment approval from the Investment Commission (FIA) of Taiwan&nbsp; has expired on March 5, 2015,” read its filing with Bursa Malaysia today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“ The company has decided not to extend the 3-month period as stated in the Clause 10.1(c) of the SSA and hence, the SSA is terminated,” it added.</p></div>

<div class=newsTextDataWrapInner><p>In accordance with the SSA, IOIPG will now proceed to obtain a refund of the deposits paid.</p></div>

<div class=newsTextDataWrapInner><p>IOIPG fell 0.95% or 2 sen to RM2.09 with 267,900 shares done in the morning session.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></p></div>

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KUALA LUMPUR(Mar 6): IOI Properties Group Bhd(IOIPG) has decided to terminate its RM2.74b share sale agreement (SSA) entered into on Dec 5, 2014 to purchase a 37.17% stake in Taipei Financial Center Corporation (TFCC).

TFCC is a Taiwanese company notable for its ownership of the Taipei ...

 IOIPG calls off RM 2.74b buy in Taipei Financial Centre Corporation SSA

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