IJM Corp Bhd’s cancellation of a proposed capital repayment of 50 sen cash per share might be a disappointment to shareholders but it could help the company face the current economic slowdown. IJM Corp is now able to conserve more cash.
The event seems to indicate that lenders are getting jittery and would probably prefer to see capital remain within the company as the global economy and capital markets go on a downward spiral.
1 hour ago
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