Conditional Voluntary Take-over Offer
| Acceptance Condition (%) | 50.0000 |
| Description |
OFFER DOCUMENT IN RELATION TO THE CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY SUNWAY BERHAD ("SUNWAY") THROUGH MAYBANK INVESTMENT BANK BERHAD TO ACQUIRE ALL THE ORDINARY SHARES IN IJM CORPORATION BERHAD (EXCLUDING TREASURY SHARES) ("OFFER SHARES") FOR AN OFFER PRICE OF RM3.15 PER OFFER SHARE ("OFFER PRICE") IN THE FOLLOWING MANNER:
(A) IN RESPECT OF 10% OF THE OFFER PRICE, AN AMOUNT EQUIVALENT TO RM0.3150 IN CASH; AND
(B) IN RESPECT OF 90% OF THE OFFER PRICE, AN AMOUNT EQUIVALENT TO APPROXIMATELY RM2.8350 IN THE FORM OF NEW ORDINARY SHARES IN SUNWAY AT AN ISSUE PRICE OF RM5.65 EACH
("OFFER DOCUMENT") |
| Despatch Date | 03 Feb 2026 |
| Acceptance Period | 03 Feb 2026 to 06 Apr 2026 |
| Closing Date | 06 Apr 2026 |
| Closing Time | 5:00 PM |
Name of Offeror(s)
| Offeror | Listed on Bursa Malaysia |
SUNWAY BERHAD |
Yes |
| Offer by Offeror(s) | Cash and Securities |
| Cash | |
| Offer Price Per Unit | Malaysian Ringgit (MYR) 3.1500 |
| Securities Offered | |
| Company Name | SUNWAY BERHAD |
| Securities Type | Ordinary Shares |
| Issue Price per Unit | Malaysian Ringgit (MYR) 5.6500 |
| Ratio (New : Existing) | 0.5018 : 1.0000 |
| Available / Listing Date | |
| Fractional Disposition | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
(Unless otherwise defined, the capitalised terms used in this announcement shall have the meaning as those defined in the Offer Document) The Offer is conditional upon the Offeror having received, on or before the Closing Date, Valid Acceptances resulting in the Offeror holding in aggregate more than 50.0% of the voting shares in IJM. Sunway has nominated its indirect wholly-owned subsidiary, Fortuna Gembira Enterpris, as the recipient of the Offer Shares. Accordingly, any Offer Shares received by Fortuna Gembira Enterpris via acceptances of the Offer are deemed to be received by the Offeror. Further, the Offer is also conditional upon the following: (i) approval of Bursa Securities for the listing of and quotation for the Consideration Shares on the Main Market of Bursa Securities; and (ii) approval of the shareholders of the Offeror in relation to the Offer at an EGM of the Offeror to be convened. Please refer to the enclosed Offer Document which sets out the details, terms and conditions of the Offer, together with the Form of Acceptance and Transfer. |
Please refer attachment below.
Announcement Info
| Company Name | IJM CORPORATION BERHAD |
| Stock Name | IJM |
| Date Announced | 03 Feb 2026 |
| Category | Take-over Offer |
| Reference Number | TEN-02022026-00001 |
| Corporate Action ID | MY260202TEND0001 |