PKR’s Fahmi Fadzil counsels Putrajaya against acting hastily in merging UEM Sunrise Bhd with private developer Eco World Development Group Bhd. – The Malaysian Insight file pic, October 11, 2020.
PUTRAJAYA through Khazanah Nasional must not rush into the merger of government-linked UEM Sunrise Bhd with private developer Eco World Development Group Bhd, said Fahmi Fadzil. In a statement, the PKR communications director said Eco World’s share value had dropped to RM0.39 from RM1.40 in 2015 while the company’s debt and cash flow were of great concern.
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