PNB to assess Sunway’s VGO for IJM Corp


Deputy Prime Minister and Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof. — Bernama

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will assess Sunway Bhd’s voluntary general offer (VGO) for IJM Corp Bhd based on commercial considerations, offer risks, governance, investment returns, and Sunway’s strategic plans post-acquisition.

Deputy Prime Minister and Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof said the offer was made on equal terms to all IJM shareholders and was not a transaction negotiated with any specific shareholder, including PNB.

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