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Malaysian Billionaire Jeffrey Cheah’s Sunway Walks Away From $2.8 Billion IJM Bid

Posted on April 7, 2026
By Forbes
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Malaysian Billionaire Jeffrey Cheah’s Sunway Walks Away From $2.8 Billion IJM Bid

Since Sunway announced the bid in January, the company has faced setbacks. Last month, IJM’s board recommended investors reject the offer, which was deemed well below fair value.