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 wholly-owned subsidiary, Road Builder (M) Holdings Bhd, has entered into a heads of agreement with Silk Holdings Bhd to acquire all the 220 million shares of RM1 each in Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd (Silk) for RM398mil cash.
Silk Holdings said in a statement that the closing of the transaction was subject to the execution of a mutually satisfactory definitive share sale agreement, which is anticipated to take place within 14 days of the signing of this agreement.
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