IJM to delay IPO of assets

Artist impression of the Permatang Santuary properties from IJM Land

IJM Corp Bhd is not likely to list its highway concession assets for as long as it cannot reward shareholders, sources say.

Although analysts are hinting that a listing of the assets could be back on the cards after the plan appears to have been put on the back burner for a while, a source familiar with the diversified group’s operations says it won’t be done in the near term.