EDGE WEEKLY: IJM explains foray into Pestech

The Edge TV

Construction giant IJM Corp wants to buy a 44.83% stake in Pestech International at a sharp discount. Its group CEO and MD Lee Chun Fai spells out the merits of the deal for IJM, but Pestech’s minorities may need convincing.

Transcript

00:00 Last week, construction giants IJM Corp announced the plan to buy a 44.83% stake in Pestec International

00:11 at a sharp discount. Its Group CEO and MD, Lee Chun Fai, spells out the merits of the

00:16 deal for IJM, but Pestec's minorities may need convincing.

00:21 We also take a look at the evolution of IJM, which has grown by leaps and bounds since

00:25 its flotation on the stock exchange in 1986. In city and country, post-pandemic, transaction

00:32 activity in the real estate market has generally picked up, especially in industrial, residential

00:37 and development land. Property consultants weigh in on the market and how infrastructure

00:42 improvements and logistical and warehouse requirements have boosted demand.

00:47 In options, the spotlight is on Pertubuhan Arkitek Malaysia, which is celebrating its

00:52 centenary milestone. Its new president, Abu Zarym Abu Bakar, talks about programs to benefit

00:58 members and celebrations spread throughout the year.

01:01 Also included this week, in the run-up to the state polls, we take a look at the hottest

01:06 seats in Selangor, Negeri Sembilan, Penang, Kedah, Kelantan and Trengganu and the key

01:11 personalities to watch this election season. Details in this week's edition of The Edge,

01:17 save by subscribing to us for your print and/or digital copy. The Edge is also available on

01:22 Apple's App Store and Android's Google Play.

01:24 [Music]

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