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.
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.
The research house said PGF’s weak share price performance is mainly due to delays caused by unresolved water supply issues, which have prevented the Tanjung Malim property development from starting.
As of end-September 2025, Sunway reported cash and bank balances of RM6.
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