“The company offered to pay IJM shareholders only 10% in cash, while the rest were via Sunway shares. Regardless, MBSB Research has recommended IJM shareholders to accept Sunway’s offer. MBSB Research said Sunway’s offer at RM3.15 per share valued IJM at a forward price-to-earnings multiple of 21.1 times, based on estimates for the financial year 2027. “This offer price from Sunway is also close to the net tangible asset per share of IJM at RM3.17. “Sunway had also clarified that it would continue with the takeover offer,” according to MBSB Research.

Source: The Star January 28, 2026 12:23 UTC