Sunway Proposes $2.7 Billion Merger with IJM to Form Malaysia's Largest Construction Firm
DATA AND AI INFRASTRUCTURE
Sunway has proposed a $2.7 billion merger with IJM Corporation, aiming to create Malaysia's largest property developer with a combined market cap of $11.7 billion. The acquisition, valued at $0.78 per share, is set to generate a projected revenue of $3 billion for 2024, positioning the new entity ahead of Gamuda in the booming data center and infrastructure market.
Jan 15, 2026, 6:00 AM
