$IJM (3336.MY)$ There was heavy profit taking and some panic...
$IJM (3336.MY)$ There was heavy profit taking and some panic selling towards the end today. To encourage IJM shareholders to accept the offer, Sunway price will be pushed above RM5.65 closer to acceptance closing date.
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103542216 : ijm will continue drop
ChaiShen 103542216 : if IJM continue to drop while Sunway rise, it would be to the benefit of IJM holders. Given the offer price remains at RM3.15 regardless with Sunway share swap of RM5.65. Of course, that is IF only the merger happens. Else, probably will free fall like GENM
Durian Tank ChaiShen : What if Sunway drops? What will happen if Gamuda aggressively shorts Sunway?