Malaysia’s construction giants Sunway, IJM Corp halt trading: Is a mega-merger imminent?
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Malaysia's construction giants Sunway and IJM Corporation have suspended trading in their shares, sparking speculation about a potential merger. This follows a history of merger talks since 2021, when Sunway acquired a 5.02% stake in IJM. Both companies have denied any merger discussions. If a merger occurs, it could create Malaysia's largest construction conglomerate, combining IJM's infrastructure assets with Sunway's diverse portfolio. The trading halt has drawn attention as Sunway plans to list its healthcare arm, potentially raising over RM3 billion.
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