IOI Group
IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest conglomerates. It ventured into property development in 1984, followed by oil palm plantations and refineries in 1985. IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961—now known as Bursa Malaysia—in 1980.
| Company type | Public limited company |
|---|---|
| MYX: 1961 | |
| ISIN | MYL1961OO001 |
| Industry | Conglomerate (palm oil, chemical manufacturing, property development, investment, resort management) |
| Founded | 1969 |
| Founder | Lee Shin Cheng |
| Headquarters | IOI City Tower 2, IOI Resort City, 62502 Putrajaya, Malaysia |
Area served | Southeast Asia |
Key people | Lee Yeow Chor (Group Managing Director) |
| Products | Palm oil, oleochemicals |
| Revenue | RM 7.41 Billion |
Number of employees | 30,000 |
The group was headed by Lee Shin Cheng, the executive chairman, until his death. Lee Yeow Chor is CEO.
As of September 2016, IOI Group employed more than 30,000 people from more than 25 countries.
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