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Sunway Abandons IJM Corp Takeover Bid After Shareholder Rejection

Primul articol: 6 apr. 2026, 17:14 | Ultima actualizare: 6 apr. 2026, 17:14 | 1 sursa | 1 articol
#mergers#acquisition#malaysia#business

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Sunway Group, a Malaysian conglomerate, has announced the withdrawal of its takeover offer for IJM Corp, a major infrastructure and property development company. The decision comes after IJM Corp's shareholders rejected Sunway's proposed acquisition. The deal, if successful, would have significantly bolstered Sunway's presence in the construction and property sectors.

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Sunway Abandons IJM Takeover Bid After Shareholders Reject Offer Foto: Bloomberg
Bloomberg English Ram Anand, Tassia Sipahutar 6 apr. 2026, 17:14 (acum 4 ore)

Sunway Abandons IJM Takeover Bid After Shareholders Reject Offer

Malaysian conglomerate Sunway Bhd. is abandoning its takeover bid of IJM Corp Bhd. after failing to secure enough support from the target company’s shareholders.

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