Sunway Shareholders Back 2.76 Billion Dollar IJM Takeover
Sunway shareholders approved a 2.76 billion dollar bid for IJM Corp on Thursday. The deal proceeds despite opposition from major investors and advisers.
Xurve View
Insights:
Xurve View
The Malaysian conglomerate SUNWAY BHD has secured overwhelming shareholder approval for its proposed takeover of construction firm IJM Corp. During an extraordinary general meeting held on Thursday in Malaysia, Chairman Jeffrey Cheah announced that 99.97% of shareholders voted in favor of the 11 billion ringgit ($2.76 billion) deal.
