UEM Group proposes merger of UEM Sunrise with Eco World

UEM Group Bhd has submitted a letter to the respective boards of UEM Sunrise Bhd and Eco World Development Group Bhd proposing that they consider and deliberate on a potential merger between the two companies.

Under the proposal, the merger will result in an enlarged UEM Sunrise, in which new shares and warrants will be issued in exchange for shares and warrants of Eco World. The board of directors and senior management of the enlarged UEM Sunrise will be led by a chairman who is an existing board member of UEM Sunrise.

Similar like how SP Setia .....

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UEM Group proposes merger of subsidiary UEM Sunrise with Eco WorldThe proposal is for the two property companies to merge through an exchange of shares and warrants. FMTNews UEMGroup EcoWorld
Source: fmtoday - 🏆 5. / 72 Read more »

UEM proposes UEM Sunrise, Eco World merger | The Malaysian InsightMove will see Khazanah Nasional remain single largest shareholder of enlarged entity. In this situation.. With Convid19, political not stable and economic slump down. MERGER proposal? Got udang sebalik Mee.
Source: msianinsight - 🏆 8. / 63 Read more »

UEM Sunrise and Eco World to review merger proposalThere is pressing need for consolidation due to subdued economy, says UEM Group. stop the bailout For Liew to settle for 8% only ... Merger or bailout ?
Source: malaysiakini - 🏆 20. / 51 Read more »