IJM Land's privatisation plan presented to shareholders for approval
13 Jun 2014 / 05:36 H.
PETALING JAYA: IJM Land Bhd, which had proposed to take the company private at RM3.55 per share, has deliberated on the privatisation plan and agreed to present it to the shareholders for approval.
In a filing with the stock exchange, IJM Land said barring any unforeseen circumstances, the proposed privatisation is expected to be completed by the first quarter of 2015.
Its parent company IJM Corp will need to fork out RM1.98 billion to acquire the shares that it does not own in IJM Land.