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.

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