IJM puts off toll-listing, awaits clarity from govt


IJM Corporation Berhad Chief Executive Officer & Managing Director Datuk Soam Heng Choon (centre) with IJM Corporation Berhad Deputy Chief Executive Officer & Deputy Managing Director Lee Chun Fai (left) and IJM Corporation Berhad Chief Financial Officer Cyrus Eruch Daruwalla (right) at the 35th Annual General Meeting and Media briefing in Subang Jaya, yesterday. - MUHAMAD SHAHRIL ROSLI/The Star

PETALING JAYA: IJM Corp Bhd is putting off its plans to list its toll division pending greater clarity from the government, said CEO and managing director Datuk Soam Heng Choon (pic).

“With the new Pakatan Harapan government in place, there have been plenty of discussions on whether tolls would still be there ... so we need to get some clarity on this front before anything else. But for us, there is also no requirement to list the toll business and it has been there for quite a while,” Soam said at a press conference after IJM’s AGM yesterday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , IJM , toll , listing , Soam , REIT , property , highway ,

   

Next In Business News

Nasdaq, S&P set to open higher on tech boost, earnings glee
Sasbadi reports highest ever quarterly revenue
Aneka Jaringan leverages order book for growth
Chin Hin Group to develop two lands with combined GDV of RM1.08bil
CLMT 1Q net profit rises to RM33.49mil on higher occupancies, positive rental reversions
Ringgit ends marginally lower on firmer US dollar index
MoF: Govt to establish high-level facilitation platform to oversee potential, approved strategic investments
Meta Bright signs RM24mil leasing contract with Australia company
OCR Group to develop RM313mil residential project in Rawang
Legacy Credit emerges as substantial shareholder in VCI Global

Others Also Read