PETALING JAYA: Construction conglomerate IJM Corp Bhd is unlikely to increase its stake in Kumpulan Europlus Bhd (KEuro) despite the potentially huge contracts spin-off from the RM7.07bil West Coast Expressway (WCE) project that the latter has recently secured.
This, according to a source close to the WCE project, is to ensure that the debts of KEuro will not have to be consolidated into IJM's books.
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