KUALA LUMPUR: IOI Corp Bhd has announced a proposed internal restructuring of its plantation and manufacturing assets.

In a filing yesterday, it said the exercise, which is expected to be completed by year-end, is to streamline its plantation and resource-based manufacturing businesses.

“The transfer of plantation estates from IOI Corp to its wholly-owned plantation companies would streamline the holdings of its plantation estates and enable IOI Corp to become a pure investment holding company.”