怡保工程: 加速释放旗下资产价值, 2业务放眼上市

随着怡保工程（IJM，3336，主板建筑组）独立顾问和董事部一致建议股东拒绝接受双威（SUNWAY，5211，主板工业产品服务组）的全面收购献议，该公司计划在两年内将加快旗下业务的上市计划，以释放其价值。此举将可以避免在集团架构中，每个业务的估值受到其他业务的影响。

建筑和大道业务上市，以加速释放旗下资产价值

怡保工程集团首席执行员兼董事经理拿督李振辉接受《TheEdge》访问时表示，该集团将建筑和大道特许经营业务将率先进行上市活动，预计将在未来两年内进行。

“因为当你把所有业务都放在一起时，你会有高速公路、项目、表现良好的公司，也可能包含像在印度的业务，它表现不太好。所以当你把所有东西加在一起时，就会产生平均效应。”

ICP也可能上市

工业混凝土产品公司（ICP）也将可能上市，ICP曾经是上市公司。

不过，并非所有业务都将分拆上市。其中，港口业务由于还需要大量投资，将背负贷款债务，因此不会上市。

至于产业部门上市则言之过早，因为许多资产还在初步发展阶段。

董事部与独立顾问的观点一致

怡保工程董事部与独立顾问的观点一致，认为每股3令吉15仙收购价“不公平且不合理”，然而，董事部也清楚意识到，管理层需要做更多的工作来说服股东支持他们。

董事部认为，怡保工程努力填补本地和海外的订单，并完成具有挑战性的工作，这还不足够。该集团需要进行企业活动，以释放其资产价值，从而使怡保工程的股票定价合理。怡保工程会成为被收购的目标，部分原因是其全面价值尚未实现。

“我们的建筑业务实际上表现非常好，所有数据中心项目和NPE2（新班底大道延伸段）都进展顺利。但是，如果以整个集团来定价，就会有加有减。”

将与大股东会面汇报计划

怡保工程将和大股东会面，以汇报如何释放旗下资产的计划，并需要说服政府相关基金，有关计划比接受双威的献议和成为双威的股东更佳。- 14/03/2026

https://www.sinchew.com.my/news/20260314/finance/7344688

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