Malaysian property group UEM Sunrise Bhd said on Monday it will review merging with Eco World Development Group Bhd after the idea was proposed by its major shareholder UEM Group.
UEM Group, which owns 66 percent of UEM Sunrise, is owned by Malaysia's sovereign wealth fund Khazanah Nasional. It said in a letter on Friday that there was a "pressing need" for consolidation due to "subdued macro-economic conditions and market headwinds"...
For Liew to settle for 8% only ... Merger or bailout ?
stop the bailout
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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
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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.
Source: msianinsight - 🏆 8. / 63 Read more »