'Bailout' fears unsettle Khazanah amid merger plan to create giant property firm

📆 20/12/2019 10:23 am
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Debate brews in Khazanah Nasional over a proposal that its property arm UEM Sunrise merge with a private entity linked to tycoon. FMTNews Khazanah EcoWorld

December 20, 2019 7:21 AM

This is because the plan has been termed a “bailout” and is likely to trigger fresh allegations of cronyism against the Mahathir administration. “The UEM Sunrise board is against the deal. They have rejected it,” said the source, speaking on condition of anonymity.

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