KUALA LUMPUR: IJM Corp Bhd
said officers from the Malaysian Anti-Corruption Commission (MACC) and Inland Revenue Board (IRB) were present at the company’s office today to obtain information as part of their process.
“IJM is cooperating fully with the authorities. The company is committed to upholding strong standards of corporate governance, transparency and integrity,” it said in a filing with Bursa Malaysia.
The diversified group added that its business operations are continuing as usual and sought to assure stakeholders that it will continue to monitor developments related to the matter.
IJM said it will make timely disclosures should there be any material updates.
Earlier, Bursa Malaysia had suspended intraday short selling (IDSS) for IJM for the remainder of the trading day after the stock’s last done price breached the prescribed price limit, having declined more than 15% or 15 sen from its reference price.
“The short selling under IDSS will only be activated the following trading day, Jan 20, 2026 at 08:30 am,” Bursa Malaysia said.
IJM closed down 15 sen, or 5.36% to RM2.65 with 108.57 million shares traded.
Last week, Sunway Bhd proposed a conditional voluntary takeover offer for IJM. The offer is priced at RM3.15 per share, valuing IJM at about RM11bil if fully accepted.
The consideration comprises 10% cash and 90% new Sunway shares, to be issued at RM5.65 each. The offer is conditional on Sunway securing more than 50% of IJM’s voting shares.
