Proposed real estate merger raises spectre of financial bailout in corporate Malaysia

📆 05/10/2020 17:12:00
📰 The Straits Times

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

KUALA LUMPUR - A proposed takeover of one of Malaysia's top real-estate companies Eco World Development Group through a controversial merger plan spearheaded by sovereign fund Khazanah Nasional is raising concerns that Prime Minister Muhyiddin Yassin's administration is succumbing to pressure to bail out politically well-connected firms using public funds.. Read more at straitstimes.com.

KUALA LUMPUR - A proposed takeover of one of Malaysia's top real estate companies, Eco World Development Group, through a controversial merger plan spearheaded by sovereign fund Khazanah Nasional is raising concerns that Prime Minister Muhyiddin Yassin's administration is succumbing to pressure to bail out politically well-connected firms using public funds.

In a statement to the Malaysian stock exchange on Monday , Khazanah-controlled UEM Group said that it was proposing a share-swop transaction between its publicly listed property arm UEM Sunrise and Eco World.Enjoy unlimited access to ST's best work Subscribe Now

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Deutsche Boerse proposes expanding DAX to 40 companiesThe number of companies included in Germany's blue-chip DAX index should rise to 40 from 30 and there should be tougher conditions for ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »