News Formal

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

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

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »