IJM Corp gets shareholders’ nod to dispose of IJM Plantations for RM1.53b | Malay Mail

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KUALA LUMPUR, Aug 26 — IJM Corp Bhd has secured its shareholders’ approval to dispose of the entire 56.2 per cent stake in IJM Plantations Bhd (IJMP) to Kuala Lumpur Kepong Bhd for a cash consideration of RM1.53 billion.  In a statement today, the diversified group said the proposed...

Thursday, 26 Aug 2021 06:25 PM MYT

“This would enable IJM to establish a more efficient business structure that will accord the company better value appreciation by the market, narrowing the conglomerate discount,” said the conglomerate. “With this change in ownership, we believe IJMP will also be well-positioned for long-term success,” he said.

 

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