business
controversial
Sunway's takeover bid for IJM fails amid political and valuation disputes
Apr 9, 2026, 2:00 AM10
(Update: Apr 9, 2026, 2:00 AM)
business
controversial
Sunway's takeover bid for IJM fails amid political and valuation disputes
- Sunway launched a $2.77 billion bid to acquire IJM in January 2024 but failed to secure enough shares.
- The merger faced valuation disputes and political opposition, particularly regarding the rights of Bumiputeras.
- Sunway has decided to focus on other strategic investments after the failed bid.
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2026 All rights reserved