PKR communications director Fahmi Fadzil said the share swap from the proposed merger between EcoWorld and UEM Sunrise is estimated to cost RM2.6 billion and the move is seen as a bailout for EcoWorld.
The Lembah Pantai MP said due to that, public funds could be put to better use rather than rescuing private entities. On Oct 5, it was reported that UEM Sunrise, the property arm of Khazanah Nasional, had received a letter of proposal from UEM Group Bhd for a merger with private property developer Eco World Development Group Bhd.
Isn’t it a good time for M&A?
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UEM Sunrise-EcoWorld merger a bailout, says AmanahDzulkefly Ahmad says it is regrettable that Khazanah Nasional has decided to provide such financial assistance. FMTNews UEMSunrise EcoWorld Salam DrDzul what financial assistance and taxpayers money are you talking about here? expected better and more substantiated arguments from someone like you than just this papagomo level criticism
Source: fmtoday - 🏆 5. / 72 Read more »
Govt must rethink UEM Sunrise-EcoWorld merger, says Raja BahrinFormer deputy housing minister says the proposed deal raises many questions, including how it will be detrimental to UEM Sunrise and Khazanah, and benefit EcoWorld. FMTNews UEMSunrise EcoWorld Taikun maa kena lah bail out. Cronies use rakyat fund to bail out tycoon bad debt company and in exchange cronies get benefits from them too...😅 They are not stupid okie.. SP Setia Reloaded
Source: fmtoday - 🏆 5. / 72 Read more »
Senator urges govt to review UEM Sunrise-Eco World merger planMany parties see the merger as a 'bailout' to rescue Eco World, says Amanah's Raja Kamarul Bahrin. Wow Tan Sri Liew build only to sell? He sold SP Setia earlier
Source: malaysiakini - 🏆 20. / 51 Read more »
PKR’s Fahmi Fadzil urges govt to save people, not private companies following proposed UEM-EcoWorld merger | Malay MailKUALA LUMPUR, Oct 11 — Opposition lawmaker Fahmi Fadzil has urged the federal government to reconsider the proposed merger between UEM Sunrise and Eco World, in light of the current economic downturn brought on by the Covid-19 pandemic. The Lembah Pantai MP said the proposed merger would be... You don't save the company , how to save the people? Sila meninggal eddydaud Why is he ranting ? He is supposed to be the Government tomorrow ? Right ? Waiting to be saved
Source: malaymail - 🏆 1. / 86 Read more »
Amanah voices objections to UEM Sunrise-Eco World merger planUPDATED 10.26PM | Many parties see the merger as a 'bailout' to rescue Eco World, says Amanah's Raja Kamarul Bahrin. Oh? Politicians now want to be M&A expert. Must be GLC chairmanship going into their heads. PASPusat ? What are the objections exactly?
Source: malaysiakini - 🏆 20. / 51 Read more »
UEM Group, Sunrise and Eco World stay tight-lipped as merger talk draws criticism | Malay MailKUALA 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. Critics of the Perikatan Nasional government have taken to social media to accuse UEM Group, UEM Sunrise’s... Khazanah u hv money to bail private entity ecoworld but u shy away to save MAS our national pride? Shame on you and MOF. 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 We have allowed the system to be so corrupted that many want justice to be 'empathetic,' not blind. by- - Glenn Beck
Source: malaymail - 🏆 1. / 86 Read more »