News about Sunway

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.

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.

As of end-September 2025, Sunway reported cash and bank balances of RM6.

Three parcels have been acquired in Puchong and USJ 1, Selangor, and in Georgetown, Penang, as part of Sunway’s nationwide expansion strategy.

SunCon did not disclose further details on the awarding party or the project locations.

Under the contract, the multinational corporation has the option, but not the obligation, to award the mechanical and engineering fit-out works to SCSB, subject to finalisation of the project contract.

Its anchor tenants include Village Grocer, BUMP Bouldering, The Library by BookXcess, TGV Cinemas, KKV, COUNT and Tutu Toe Dance Academy.

Transport Minister Anthony Loke Siew Fook: Seremban Sentral is more than just a physical development project.

The proceeds will also be used for general corporate purposes, refinancing of existing borrowings, and inter-company advances within the Sunway group via shariah-compliant structures such as mudharabah or wakalah, said Sunway.

Before joining Sunway REIT Management Sdn Bhd—the manager of Sunway REIT—he was CEO of Sentral REIT Management Sdn Bhd, the manager of Sentral REIT.