A RM11 billion takeover battle is testing Malay economic clout. Malaysia PM Anwar now holds all the cards

A RM11 billion takeover battle is testing Malay economic clout. Malaysia PM Anwar now holds all the cards

[ad_1] [KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim holds the fate of Sunway’s RM11 billion (S$3.5 billion) takeover bid of IJM in his hands, as racial politics and controversial graft allegations swirl around the deal. The Jan 12 offer by the Sunway conglomerate – founded by tycoon Jeffrey Cheah – for IJM Corporation, one of…

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