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.
“As an IJM shareholder, PNB is merely a recipient of the offer, standing on equal footing with other shareholders, and will only evaluate the offer after the offer document is officially issued.
“PNB will assess the offer taking into account commercial aspects such as the offer value relative to intrinsic value, investment returns, and post-acquisition strategic plans, in addition to offer risks and governance processes,” he said.
