UEM unit to consider merger with Eco World | Malay Mail

KUALA LUMPUR, Oct 5 — UEM Group Bhd is proposing UEM Sunrise Bhd and Eco World Development Group Bhd to consider and deliberate on a potential merger between the two companies, to create one of Malaysia’s largest property companies and sustain long-term value creation and growth.

“Against a backdrop of subdued macro-economic conditions which has been further disrupted by the Covid-19 pandemic, there is a pressing need for local property developers to improve the robustness of their businesses by pooling resources and capabilities to strengthen their performance and long-term sustainability,” it said in a statement today.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

UEM Group proposes merger of subsidiary UEM Sunrise with Eco WorldThe proposal is for the two property companies to merge through an exchange of shares and warrants. FMTNews UEMGroup EcoWorld
مصدر: fmtoday - 🏆 5. / 72 اقرأ أكثر »

UEM proposes UEM Sunrise, Eco World merger | The Malaysian InsightMove will see Khazanah Nasional remain single largest shareholder of enlarged entity. In this situation.. With Convid19, political not stable and economic slump down. MERGER proposal? Got udang sebalik Mee.
مصدر: msianinsight - 🏆 8. / 63 اقرأ أكثر »

UEM Sunrise and Eco World to review merger proposalThere is pressing need for consolidation due to subdued economy, says UEM Group. stop the bailout For Liew to settle for 8% only ... Merger or bailout ?
مصدر: malaysiakini - 🏆 20. / 51 اقرأ أكثر »