UEM Group proposes merger of subsidiary UEM Sunrise with Eco World

The proposal is for the two property companies to merge through an exchange of shares and warrants. FMTNews UEMGroup EcoWorld

Bursa Malaysia has confirmed a proposal to merge property giants UEM Sunrise and Eco World.

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.Subscribe to our newsletter and get news delivered to your mailbox.

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