Permodalan Nasional Rejects Billionaire Jeffrey Cheah-Backed Sunway’s $2.8 Billion Takeover Bid For IJM IJM Corp.’s board last week recommended shareholders reject a $2.8 billion offer from Malaysian billionaire Jeffrey Cheah’ Sunway as too low. March 17, 2026 Breaking News
Malaysia’s IJM Board Urges Shareholders To Reject Sunway’s $2.8 Billion Takeover Bid If the bid is successful, Sunway, the flagship company of Malaysian billionaire Jeffrey Seah, will merge with IJM to create a construction giant with total assets of 14.7 billion ringgit. March 14, 2026 Breaking News