13 January 2026 – Sunway, controlled by Malaysian billionaire Jeffrey Cheah, has launched an 11 billion ringgit (approximately EUR 2.31 billion) cash-and-share takeover bid for rival IJM amid a regional property and construction boom, valuing IJM at 3.15 ringgit (approximately EUR 0.66) per share, a 14.5% premium to its last closing price. The offer comprises 1.1 billion ringgit (approximately EUR 231.0 million) in cash and 9.9 billion ringgit (approximately EUR 2.08 billion) in new Sunway shares priced at 5.65 ringgit (approximately EUR 1.19) each, and aims to create a larger, nationally significant property and construction conglomerate with the scale to compete regionally. Subject to regulatory approval, the deal is targeted for completion in the third quarter of 2026 and could see IJM being delisted, with the merged group expected to have total assets of 57.8 billion ringgit (approximately EUR 12.15 billion), ranking it among Malaysia’s largest listed players in the sector.Source - https://www.forbes.com/sites/yessarrosendar/2026/01/13/malaysian-billionaire-jeffrey-cheahs-sunway-launches-27-billion-takeover-bid-for-builder-ijm/ (ICE KUALA LUMPUR)

Fonte notizia: 13 gennaio 2026, Kuala Lumpur