Sunway Berhad's ambitious RM11 billion voluntary take-over bid for IJM Corporation Berhad has reached a significant milestone today. Bursa Malaysia officially approved the listing and quotation of new "Consideration Shares" required for the deal, which is primarily structured as a share swap. This approval is a pivotal step toward creating one of the largest construction and infrastructure conglomerates in the country. 

The offer, originally launched in January 2026, values IJM at RM3.15 per share. With this regulatory clearance, Sunway moves closer to consolidating its position in the domestic infrastructure market, which analysts believe will provide significant long-term value for shareholders. Market sentiment remains positive, as evidenced by Bursa Malaysia opening higher today, tracking gains on Wall Street and eased concerns over geopolitical crises. 

This corporate manoeuvre comes at a time when major infrastructure projects, such as the Cameron Highlands road expansion, are set for completion by early 2028. Additionally, research houses like CGS International remain bullish on the Malaysian equity market, maintaining a target for the KLCI at 1,810 points following strong corporate earnings.