SUBANG JAYA: IJM Corporation Bhd (IJM Corp) expects to finalise the full privatisation of IJM Land Bhd by April this year after obtaining unanimous shareholders approval at the Extraordinary General Meeting (EGM) here, this morning.
"The resolution was unanimously carried. We will then proceed with getting the approval form IJM Land shareholders in February, court approval in March and hopefully finalizing the privatization in April," said IJM Land chief executive officer (CEO) and managing director (MD), Datuk Soam Heng Choon.
Once privatized, IJM Land will be a wholly-owned subsidiary of IJM Corp.
The firm also expects to gain an additional RM1 billion onto its existing RM6 billion order book by the end of its financial year in 31 March, on the back of the Kuantan Port expansion.
"We expect to reach our record high order book at RM7 billion by end of FY15. We are very much looking forward to that," said Soam.