Kuala Lumpur, 3 June 2026 – IJM Corporation Bhd’s proposed listing of its construction arm could become one of the group’s most closely watched value-unlocking moves, as investors assess whether the exercise can narrow the gap between the conglomerate’s market value and the underlying worth of its assets.
The proposed initial public offering of IJM Construction Sdn Bhd forms part of IJM’s broader plan to unlock value after the lapse of Sunway Bhd’s takeover offer. The group has outlined several initiatives, including listing its construction business, monetising matured Malaysian toll concessions and exiting India, with the aim of strengthening its balance sheet and returning more capital to shareholders.
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