Permodalan Nasional Rejects Billionaire Jeffrey Cheah-Backed Sunway’s $2.8 Billion Takeover Bid For IJM
- Posted on March 17, 2026
- By Forbes
- 1 Views
Permodalan Nasional Rejects Billionaire Jeffrey Cheah-Backed Sunway’s $2.8 Billion Takeover Bid For IJM

IJM Corp.'s board last week recommended that shareholders reject the $2.8 billion bid by Malaysian billionaire Jeffrey Cheah's Sunway, deeming the offer too low.