Sunway REIT declares record high DPU for FY2025 as net property income rises 15.5%
KUALA LUMPUR (Jan 30): Sunway Real Estate Investment Trust (KL:SUNREIT) posted a marginal 0.
Geohan secures RM32 mil piling jobs in Johor from Sunway units
KUALA LUMPUR (Jan 29): Foundation and geotechnical services provider Geohan Corp Bhd (KL:GEOHAN) said it has secured two piling contracts worth a combined RM32.
Amid MACC probe into IJM, Sunway presses on with takeover offer
KUALA LUMPUR (Jan 21): Sunway Bhd (KL:SUNWAY) said it is proceeding with its takeover offer for IJM Corp Bhd (KL:IJM) despite an ongoing probe by the Malaysian Anti-Corruption Commission involving the target company.
IJM shares slide following anti-graft probe
KUALA LUMPUR (Jan 20): Shares of IJM Corporation Bhd (KL:IJM) fell on Tuesday's opening, a day after the company said officers from the Malaysian Anti-Corruption Commission (MACC) and the Inland Revenue Board (IRB) were present at the company’s office on Monday (Jan 19) to "obtain information as part of their process".
Sunway’s healthcare IPO complicates IJM takeover math
KUALA LUMPUR (Jan 14): Shares of Sunway Bhd (KL:SUNWAY) and IJM Corporation Bhd (KL:IJM) ended Tuesday on a mixed note as investors weighed Sunway's proposed RM11 billion cash-and-share takeover of IJM against the group’s upcoming healthcare listing.
Sunway unit plans RM10b sukuk wakalah to fund working capital, debt refinancing
KUALA LUMPUR (Jan 8): Sunway Bhd (KL:SUNWAY) said on Thursday that its unit has proposed a sukuk wakalah programme of up to RM10 billion to fund working capital and refinancing of borrowings.
Analysts see Sunway’s IJM deal boosting credibility, reducing holding company discount
KUALA LUMPUR (Jan 13): Analysts are generally positive on Sunway Bhd’s (KL:SUNWAY) RM11 billion takeover of IJM Corporation Bhd (KL:IJM), citing earnings growth and diversification into infrastructure, though some question the offer price.
IJM hits four-month high on acquisition by Sunway
KUALA LUMPUR (Jan 13): IJM Corporation Bhd (KL:IJM) shares jumped to their highest in more than four months on Tuesday, after Sunway Bhd (KL:SUNWAY) proposed to acquire the group in a cash-and-share deal worth over RM11 billion.
Sunway makes cash-share offer to take over IJM Corp at RM11 bil
KUALA LUMPUR (Jan 12): Sunway Bhd (KL:SUNWAY) plans to acquire rival company IJM Corporation Bhd (KL:IJM) in a cash-and-share deal worth over RM11 billion.
Trading of Sunway and IJM Corp shares suspended pending announcement
KUALA LUMPUR (Jan 12): Trading of Sunway Bhd (KL:SUNWAY) and IJM Corporation Bhd (KL:IJM) shares is being suspended from 9am on Monday, pending a material announcement, according to their filings with Bursa Malaysia.
