Daily Industry News Update (14 January 2021)


UEM Sunrise terminates all merger discussions with EcoWorld

UEM Sunrise Bhd has ended all discussions on the proposed merger with Eco World Development Group, following EcoWorld’s earlier announcement on calling off the proposed merger deal. In a media statement on the night of Jan 13, UEM Sunrise said it will continue to

EcoWorld calls off proposed merger with UEM Sunrise

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. In a press statement issued by EcoWorld today, the decision was made

Better for UEM Sunrise and Eco World to walk a separate path

It may be an ideal decision after all for Eco World Development Group Bhd to discontinue the pursuit of its proposed merger further with UEM Sunrise Bhd. Hong Leong Investment Bank (HLIB) Research is of the view that both companies are better off being independent and

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