PETALING JAYA: Merger and acquisition (M&A) activities are expected to soften in the near term as market uncertainty adds to a mismatch in valuations.
Deloitte Malaysia executive director Yap Kong Meng said although the deal-making market is starting to show some life after the movement control order (MCO), it is expected to remain soft as long as the country’s borders remain close.
He also reckoned that mismatched valuations could also deter M&A activities, especially for assets that are directly impacted by the coronavirus (Covid-19) pandemic.
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