News about merger

KUALA LUMPUR (April 3): Sime Darby Bhd’s sale of its remaining stake in Eastern & Oriental Bhd did “not come as a surprise”, according to a report by The Edge Malaysia this week.

The most anticipated merger deal between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd has been called off after three months of discussions.

KUALA LUMPUR (Jan 13): UEM Sunrise Bhdhas ended all discussions on the proposed merger with Eco World Development Group, following EcoWorld’s earlier announcement on calling off the proposed merger deal.

PETALING JAYA (Jan 13): After more than three months of discussions, Eco World Development Group Bhd has decided not to pursue the proposed merger further with UEM Sunrise Bhd, said the company chairman Tan Sri Liew Kee Sin (pictured).

KUALA LUMPUR (Dec 2): The proposed merger of UEM Sunrise Bhd and EcoWorld Development Group Bhd, which was put forth by UEM Group, does not require the approval of the Cabinet, said Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

KUALA LUMPUR (Dec 2): The Securities Commission Malaysia (SC) has approved UEM Sunrise Bhd's application for an extension of time to announce any firm intention to make a takeover offer with regard to its proposed merger with Eco World Development Group Bhd (EcoWorld).

KUALA LUMPUR (Oct 9): Property developer UEM Sunrise Bhd today announced that its managing director/chief executive officer Anwar Syahrin Abdul Ajib (pictured) has given notice of his resignation.

KUALA LUMPUR (Oct 6): News of the proposed merger between UEM Sunrise Bhd and Eco World Development Group Bhd (EcoWorld), which will form one of Malaysia's largest real estate companies by market value, set the market abuzz yesterday.

  KUALA LUMPUR (Oct 5): UEM Group Bhd today proposed merger of its subsidiary UEM Sunrise Bhd and Eco World Development Group Bhd.

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.