Plantation ESG conundrum

IN June this year, when IJM Corp Bhd announced plans to divest its controlling stake in its plantation arm, the group gave a few reasons for the deal.

That included securing an attractive price for an asset for which the group had no plans for expansion. The deal also enables the group to focus on its other synergistic activities of construction, property development, infrastructure concessions and the manufacturing of building materials, IJM had said.