Proposed UEM Sunrise-Eco World merger raising concerns, says report

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A senior government official tells The Sunday Times the proposal favours Eco World Development Group, which is saddled with a RM3.7 billion debt. FMTNews UEM ECOWORLD

The proposed merger, if it is realised, will result in one of Malaysia’s largest real estate companies by market value.

Leading the charge for the deal, the report said, is tycoon Syed Mokhtar Albukhary, who is closely linked to Prime Minister Dr Mahathir Mohamad. The report said that Eco World founder Liew Kee Sin and his partners are insisting on management control in the merged entity should the deal go through.

 

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AzminAli haha. bangang juga. sepenggal la jugak. hrmm

Jom ngopi zadilhanief 😁

They are no different as BN. Time to kick both of them out. PakatanHRakyat

until when this rubbish bailing out gonna stop. Wtf

Makin kaya depa

macfaisal But why TSSM involved? Is he related to any one of the companies or just a Nego / Kingmaker? The Man with Midas touch.

macfaisal BAILOUT!!!!

mathissarawanan Cronies to the rescue🤣

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