News about Sunway

KUALA LUMPUR (Feb 4): Permodalan Nasional Bhd (PNB), one of the substantial shareholders of IJM Corporation Bhd (KL:IJM), will evaluate the takeover offer for the construction company before making any decision, Deputy Prime Minister Datuk Seri Fadillah Yusof (pictured) said on Wednesday.

KUALA LUMPUR (Feb 3): IJM Corp Bhd has obtained approval from the Securities Commission Malaysia (SC) to extend the timeline for the submission of its draft independent advice circular (IAC) in relation to Sunway Bhd’s proposed takeover.

KUALA LUMPUR (Jan 30): Sunway Real Estate Investment Trust (KL:SUNREIT) posted a marginal 0.

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.

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.

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".

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.

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.

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.

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.