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PETALING JAYA: IJM Corp Bhd's move to increase stakes in two India-based companies for RM93.4mil is part of its strategy of increasing investments in infrastructure assets in high-growth emerging markets, says chief executive officer and managing director Datuk Krishnan Tan (i>pic/i>).
There is increasing awareness in Malaysia that corporate responsibility (CR) initiatives must be embedded into the overall business strategies of companies. It was the highlight of the recent StarBiz-Institute of Corporate Responsibility (ICR) Malaysia forum.
IJM Corp Bhd says it will acquire stakes in Road Builder Holdings Bhd and RB Land Holdings Bhd, an event widely speculated in the media, including I>StarBiz, /I>earlier.
IJM Corp Bhd yesterday revealed a RM1.56bil offer to take over and privatise Road Builder Holdings Bhd (RBH).
IJM Corp Bhd expects to list its wholly-owned subsidiary IJM Plantations Bhd (IJMP) in three months, the timeframe usually taken by the courts to grant approval for a capital reduction exercise.
PETALING JAYA: IJM Corp Bhd chairman Tan Sri Abdul Halim Ali along with CEO and managing director (MD) Datuk Soam Heng Choon will retire from company by end-August.