Wednesday, 13 Jan 2021 02:59 PM MYTChairman Tan Sri Liew Kee Sin said calling off the proposition will enable his group, EcoWorld Malaysia, to pursue other corporate proposals 'that may be more complementary to our present growth plans and strategies.' — Bernama pic
“After careful evaluation alongside EcoWorld Malaysia’s own business plans and the current challenging environment with the re-implementation of movement control order, we have decided not to pursue the Proposed Merger further with UEMS,” he said in a statement issued this afternoon. Gearing ratio is often the preferred indicator of a company’s borrowing leverage by measuring its total debt against total equities.
Several analysts said the proposed merger had immense potential value for both companies in terms of cost synergies, execution capabilities and financial flexibility.
This is a temporary call off because rakyat are asking question regards to this merger. Once rakyat has forgotten the story this merger will take place very quietly. Wait and see