PETALING JAYA: The proposed merger between Eco World Development Group Bhd
(EcoWorld Malaysia) and UEM Sunrise Bhd (UEMS) is off the table, with EcoWorld Malaysia open to corporate proposals that may be more complementary to its growth plans and strategies.
EcoWorld Malaysia chairman Tan Sri Liew Kee Sin said the group, after an evaluation of the deal by its board of directors, decided not to pursue the proposed merger following discussions with UEMS this month.
The decision was made also after evaluating EcoWorld Malaysia’s own business plans and the current challenging environment with the re-implementation of the movement control order (MCO).
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