UEM Group proposes merger of subsidiary UEM Sunrise with Eco World

Estimate Reading Time: < 1 minute

PETALING JAYA: UEM Sunrise, the property arm of Khazanah Nasional, has received a letter of proposal from UEM Group Berhad for a merger with private property developer Eco World Development Group Bhd.


Bursa Malaysia announced that UEM Sunrise’s board of directors received the letter from UEM Group on Oct 2, proposing for the two companies to merge through an exchange of shares and warrants.


Eco World will subsequently be delisted from Bursa Malaysia. -FMT

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/capitalp/public_html/wp-includes/functions.php on line 5373