IJM chief executive officer and managing director Liew Hau Seng said IJMP had been a valued member of the group and its contributions to the group’s financial performance, particularly during periods of major economic downturns, was recognised.(File pic shows IJM Plantations)
KUALA LUMPUR: IJM Corp Bhd
has secured its shareholders’ approval to dispose of the entire 56.2% stake in IJM Plantations Bhd (IJMP) to Kuala Lumpur Kepong Bhd for a cash consideration of RM1.53bil.
In a statement yesterday, the diversified group said the proposed transaction fits with its strategic focus to streamline its construction-property-industry-infrastructure-related businesses.
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