IJM, Silk abort RM395mil Kajang highway deal


PETALING JAYA: IJM Corp Bhd unit Road Builder (M) Holdings Bhd and Silk Holdings Bhd have mutually decided to abort the RM395mil acquisition of 100% equity interest in Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd.

It was called off following the non-fulfilment of certain conditions precedent within the agreed timeline, IJM told Bursa Malaysia.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , IJM , SILK , highway

Next In Business News

Singapore labour market expands in 1Q, employment rises by 9,400
Mieco Chipboard to be renamed Mieco from June 18
Bursa Malaysia ends higher, tracking Asian peers on improved global sentiment
Bursa Malaysia freezes Paragon Union's lower limit price at RM2.29
Vantris Energy returns to profit in 1QFY27, records RM145.79mil net profit
Mycron steel unit to acquire Shah Alam industrial land for RM30mil
Poh Kong posts higher net profit of RM70.01mil in 3Q
Taghill unit to undertake RM133mil construction job in Shah Alam
OSK unit secures govt approval for moneylending licence
Powerwell unit bags RM158.82mil switchboard supply contract

Others Also Read