KUALA LUMPUR (March 16): IJM Corporation Bhd (KL:IJM) said it is reviewing the strategy for its key businesses, including monetising part of its vast land bank at its property division, after rebuffing a takeover offer. Lee was speaking at a news briefing about the findings by an independent adviser appointed to advise shareholders on the takeover offer by Sunway Bhd (KL:SUNWAY). M&A Securities concluded that the offer by Sunway should be rejected for being “not fair and not reasonable”. In January, Sunway launched an offer to acquire IJM in a cash-and-share deal that values the property-and-infrastructure company at RM3.15 per share or RM11 billion. Lee also highlighted long-term growth potential in its port operations at Kuantan Port, despite a temporary decline in throughput due to maintenance works by a key customer.

Source: The Edge Markets March 16, 2026 06:44 UTC