Clock ticks for IJM to unlock value
IJM has proposed three initiatives to unlock value, one of which is to list IJM Construction Sdn Bhd, which will primarily comprise its Malaysia and Singapore order book exposure.
We think the monetisation for NPE (New Pantai Expressway) is unlikely, given the group has already secured a RM1.4bil NPE extension which is slated for completion in 2029 and the concession will be extended to 2057.”
Source: The Star
https://www.thestar.com.my/business/bus ... lock-value
