Sunway launches RM11bil take-over of IJM Corp at RM3.15 a share


KUALA LUMPUR: Sunway Bhd is proposing a conditional voluntary take-over offer to acquire all shares in IJM Corp Bhd at RM3.15 per share, valuing the construction and property group at about RM11bil if the offer is fully accepted.

In a filing with Bursa Malaysia, Sunway said the offer targets 3.505 billion IJM shares in issue (excluding treasury shares).

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Sunway , IJM Corp , take-over , property , construction

Next In Business News

FBG wins RM16mil job from S P Setia
EcoWorld posts record RM2.06bil early sales
TNB unit issues RM1.5bil sukuk wakalah�
Oasis Home boosts S’pore presence
Benchmark index ends at intraday high on late buying�
SC obtains arrest warrant for Serba Dinamik CEO
Ringgit eases against the US dollar
Elsa receives approval for ACE Market IPO
Malaysian financial markets show resilience despite global uncertainty
TNB unit issues RM1.5bil sustainability sukuk wakalah

Others Also Read