Malaysia’s Sunway fails in $2.7bn bid to buy local rival IJM
Business deals
Proposal would have created country’s biggest construction group
A Sunway logo is seen at a hospital under the Malayisna conglomerate, in Kuala Lumpur. © Reuters
AHMAD MUSTAKIM and NORMAN GOH
KUALA LUMPUR — Malaysian construction group Sunway announced Monday that its takeover bid to local rival IJM Corp. had failed, ending what would be one of the biggest corporate merger deals in the country.
