IJM Corporation Bhd’s independent adviser has deemed Sunway Bhd’s RM3.15 per share takeover offer as neither fair nor reasonable, recommending shareholders reject the proposal as the offer represents a significant discount of up to 51% compared to IJM’s estimated share value, with the board backing the recommendation
This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source
