Analysts positive on IJM's proposed acquisition of Silk highway

Analysts also described the price of RM398mil that IJM would be paying for Silk, if the deal went through, as

PETALING JAYA: IJM Corp Bhd’s proposed acquisition of a 100% stake in Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd (Silk) has raised expectations that the group’s planned listing of its highway concession assets is back on track.

CIMB Research said this in a note, describing the diversified group’s latest proposed move to buy up the concession holder for the 37-km Kajang Traffic Dispersal Ring Road, as “significant” to the group’s asset base profile.