UEM Group, Sunrise and Eco World stay tight-lipped as merger talk draws criticism | Malay Mail

Friday, 09 Oct 2020 07:56 AM MYTKUALA LUMPUR, Oct 9 — The proposed merger between UEM Sunrise and Eco World has courted controversy as opponents are reading it as yet another attempt to bail out a beleaguered company.

MARC also said the merger could potentially weaken the enlarged group’s credit profile, with its debt-to-equity ratio elevating to about 0.90 times from a moderate 0.56 times as at end-June 2020.s query about the numerous points detractors had voiced about the merger, merely referred to an October 5 statement announcing the proposition.

In a filing with Bursa Malaysia on Monday, EcoWorld said it had received a letter from UEM Group outlining the proposed merger. Gearing ratio is often the preferred indicator of a company’s borrowing leverage by measuring its total debt against total equities. MARC said its preliminary calculations indicate that the merged entity’s leverage position as reflected by the debt-to-equity ratio could elevate to about 0.90 times from a moderate 0.56 times as at end-June 2020.

We have allowed the system to be so corrupted that many want justice to be 'empathetic,' not blind. by- - Glenn Beck

When bad men combine, the good must associate else they will fall one by one, an unpitied sacrifice in a contemptible struggle.' By- Edmund Burke

Khazanah u hv money to bail private entity ecoworld but u shy away to save MAS our national pride? Shame on you and MOF.

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