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Sunway's $2.7B IJM Takeover: Malaysia's Property Giant Emerges

1/13/2026

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Summary

Story summary

Sunway announced a $2.7 billion takeover of IJM Corporation on January 12 to create one of Malaysia's largest property developers.
The deal would yield a combined market capitalization of about $11.7 billion, surpassing Gamuda Berhad.
The offer values IJM at $0.78 per share, with 10% cash and 90% in newly issued Sunway shares.
The arrangement is expected to boost efficiency and expand the landbank to 2,300 hectares.

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Story summary

Sunway announced a $2.7 billion takeover of IJM Corporation on January 12 to create one of Malaysia's largest property developers.
The deal would yield a combined market capitalization of about $11.7 billion, surpassing Gamuda Berhad.
The offer values IJM at $0.78 per share, with 10% cash and 90% in newly issued Sunway shares.
The arrangement is expected to boost efficiency and expand the landbank to 2,300 hectares.