The rising of a property giant?

PETALING JAYA: The proposed merger between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd is the focus of the market this week as many anticipate the emergence of another property giant.

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EcoWorld merger plan favours UEM Sunrise, says Kenanga

KUALA LUMPUR (Oct 6): The proposed merger between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd favours the latter, according to Kenanga Investment Bank Bhd, given that EcoWorld’s key shareholders would lose their majority rights, listing status and potentially their brand.

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What will happen if UEM Sunrise merges with Eco World?

KUALA LUMPUR (Oct 3): Talk of merger of two of the country’s “property giants” has risen again last week but sources “familiar with the discussion” said that “things are still at the exploratory stage and that any deal is some time away”, The Edge Malaysia reported.

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