IJM Corp Bhd'S announced that its wholly owned subsidiary, IJM Construction Sdn Bhd, has entered into an agreement with Ipco International Ltd, Singapore, to acquire three million S$1 shares representing the entire equity interest in Insitu Envirotech Pte Ltd Singapore, for a total cash consideration of S$4.83mil.
The acquisition would provide an access to a growing and lucrative market, which is rehabilitation of sewerage and water pipes, especially in Malaysia. – Bernama
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