Sunway’s healthcare IPO complicates IJM takeover math
Under the proposal, Sunway is offering RM3.15 per IJM share through a combination of RM0.315 in cash and 0.501 new Sunway shares, valuing IJM at about RM11 billion. KUALA LUMPUR (Jan 14): Shares of Sunway Bhd (KL:SUNWAY) and IJM Corporation Bhd (KL:IJM) ended Tuesday on a mixed note as investors weighed Sunway’s proposed RM11 billion…
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