General Announcement::Suspension of Roundtable on Sustainable Palm Oil ("RSPO") Membership

Issuer & Securities

Issuer/ Manager
IOI INVESTMENT (L) BERHAD
Securities
IOI INVES US$600M4.375%N220627 - XS0792911298 - 2EJB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-Mar-2016 20:07:24
Status
New
Announcement Sub Title
Suspension of Roundtable on Sustainable Palm Oil ("RSPO") Membership
Announcement Reference
SG160329OTHRINW0
Submitted By (Co./ Ind. Name)
IOI Corporation Berhad
Designation
Parent Company
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of IOI Corporation Berhad ("IOI" or the "Company") (the Holding Company of IOI Investment (L) Berhad) regret to announce that the Company has received RSPO's letter dated 25 March 2016 notifying the suspension of RSPO certification for the entire IOI Group's oil palm production effective 1 April 2016 in respect of complaints against our Indonesian subsidiaries' plantation estates, of which produced approximately 2% of IOI Group's annual crude palm oil production.

The details of the announcement is set out in the attachment.


Attachments

Announcement -RSPO Suspension.pdf
Total size =135K