KUALA LUMPUR: IJM Corporation Bhd
said it is not involved as an entity in an ongoing investigation by the Malaysian Anti-Corruption Commission (MACC), following clarification from the anti-graft body.
In a filing with Bursa Malaysia, the conglomerate said it had received a letter from MACC confirming that the probe does not relate to IJM as a company, but is confined to several individuals associated with the group.
“It has also clarified that the investigation is confined to several individuals associated with IJM, and not the company itself,” it said.
IJM closed up five sen, or 2.11%, at RM2.42, with seven million shares traded.
Separately, on Jan 12, Sunway proposed a conditional voluntary takeover offer to acquire all 3.51 billion shares in IJM at RM3.15 per share.
The group said that, assuming full acceptance and no adjustments to the offer price, the total consideration would amount to approximately RM11bil, to be satisfied via a combination of cash and the issuance of new ordinary shares in Sunway.
Permodalan Nasional Bhd (PNB) has decided not to accept the offer for its 13.5% stake in IJM.
