Sunway to proceed with RM11bil takeover of IJM


KUALA LUMPUR: Sunway Bhd said the conditional voluntary take-over offer to acquire all the 3.51 billion ordinary shares in IJM Corporation Bhd at an offer price of RM3.15 per share is proceeding.

In a filing with Bursa Malaysia today, the diversified group said the proposed offer is proceeding in accordance with the rules on take-overs, mergers and compulsory acquisitions issued by the Securities Commission Malaysia.

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