{
  "id": 3683920,
  "title": "IJM on track to distribute RM3bil over three years, but toll monetisation still up in the air",
  "url": "https://urgent.news/2026/08/27/ijm-on-track-to-distribute-rm3bil-over-three-years-but-toll",
  "topic": "world",
  "section": "World",
  "published": "2026-08-27T06:06:04.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1519858/ijm-track-distribute-rm3bil-over-three-years-toll-monetisation"
  },
  "original_language": "en",
  "account": "IJM Corp Bhd aims to distribute RM3 billion to shareholders over the next three years, with RM575 million already distributed. This distribution will provide a basis for valuing the group beyond annual earnings. By 2028, RM2.5 billion in dividends will be distributed, primarily from the planned listing of IJM Construction Sdn Bhd and IJM's toll assets. Datuk Lee Chun Fai, IJM's group CEO and MD, notes that unlocking these assets can yield significant value compared to reported earnings. However, RM600 million in distribution from highway asset monetisation remains uncertain, as government approval and investor appetite are needed. Lee explains that the group's highway assets require financing changes and government approval. He also highlights the need to address potential yields of these assets, as they will affect the valuation. IJM expects highway asset monetisation to occur in 2028. In August, IJM completed distributing its treasury shares to public circulation, allowing all 3.65 billion shares to be entitled to a 10 sen special dividend. This distribution, combined with an earlier 6 sen payout, results in RM575 million paid to shareholders within five months of the distribution plan. IJM is also set to dispose of three development land parcels in India and monetise its two highway concessions there, which could raise RM200 million for distribution. The primary focus of the plan is the listing of IJM Construction, expected in the third quarter of 2027.",
  "summary": "KUALA LUMPUR: IJM Corp Bhd said that it is on track to distribute a total of RM3 billion over the next three years to its shareholders, with RM575 million has been distributed so far, which will provide its shareholders a basis to value the group better compared with just banking on its annual earnings.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}