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Macro EconomyMedium•14 April 2026•

1 min read

Collapse of $2.77 Billion Construction Merger in Malaysia Between Sunway and IJM

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Key Facts

1Sunway’s $2.77 billion bid to acquire IJM collapsed after failing to secure enough shares.

The proposed $2.77 billion acquisition of IJM Corporation by Sunway has collapsed, halting the creation of Malaysia's largest construction conglomerate. The deal fell through after failing to secure the necessary shareholding threshold, exacerbated by significant disagreements over valuation. Furthermore, the merger faced mounting political pressure and complications arising from ongoing corruption probes. Analysts expect the termination of the deal to trigger short-term volatility for both IJM.KL and SWAY.KL shares on the Bursa Malaysia. This failure highlights the broader structural and regulatory headwinds currently facing the domestic infrastructure sector.