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Economy

IJM raises RM385.1 million from 142.4 million treasury shares

IJM Corp Bhd raised RM385.1 million by placing 142.4 million treasury shares at RM2.72–RM2.74 each through Bursa Malaysia’s automated trading system.

Source: EdgeProp Malaysia · August 20, 2026 at 5:27 PM · AI-assisted report

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IJM raises RM385.1 million from 142.4 million treasury shares
Image: edgeprop.my

KUALA LUMPUR, 21 AUGUST 2026 —

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IJM Corp Bhd raised RM385.1 million by placing 142.4 million treasury shares at RM2.72–RM2.74 each through Bursa Malaysia’s automated trading system.

Market Impact

Tan Sri Azman Hashim, founder and former chairman of AMMB Holdings Bhd, took 100 million shares worth up to RM274 million at the top of the range. His stake in IJM is now about 2.7%.

The remaining 42.4 million shares were placed with institutional investors, according to people familiar with the deal.

IJM’s largest shareholder remains the Employees Provident Fund with 20.8%, followed by Retirement Fund Inc with 10.5%.

The company will hold its annual general meeting on Aug 27, where Tan Sri Krishnan Tan will step down as chairman.

Related: IJM · Bursa Malaysia

Reporting based on EdgeProp Malaysia. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.