KUALA LUMPUR (March 11): Government-linked investment companies (GLICs) held about 45% of the shares in IJM Corp Bhd (KL:IJM) as at Jan 30, 2026, according to the Ministry of Finance (MOF). It further noted that at present, none of the GLICs has a shareholding that constitutes a strategic controlling block over IJM, which is currently the target of Sunway Bhd’s (KL:SUNWAY) takeover offer. “The proposed transaction is in the form of a conditional voluntary takeover offer. On the investment decision integrity, the ministry said GLICs are professional financial institutions bound by strict governance standards and clear investment mandates. Regarding the ownership of strategic assets, the MOF said the government maintains direct control mechanisms over these assets.

Source: The Edge Markets March 11, 2026 15:32 UTC