OTHERS UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY") RECEIPT OF A PROPOSAL FROM UEM GROUP BERHAD ("UEMG") IN RESPECT OF A PROPOSED MERGER OF UEM SUNRISE AND ECO WORLD DEVELOPMENT GROUP BERHAD ("ECO WORLD") INTO AN ENLARGED GROUP ("PROPOSED MERGER")

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description 
UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")

RECEIPT OF A PROPOSAL FROM UEM GROUP BERHAD ("UEMG") IN RESPECT OF A PROPOSED MERGER OF UEM SUNRISE AND ECO WORLD DEVELOPMENT GROUP BERHAD ("ECO WORLD") INTO AN ENLARGED GROUP ("PROPOSED MERGER")

Reference is made to the announcements dated 5 October 2020 and 15 October 2020 (“Announcements”) in relation to the Proposed Merger.

On behalf of the Board of Directors of UEMS (“Board”), AmInvestment Bank Berhad wishes to announce that given the size and complexity of the Proposed Merger, the Board of UEMS is of the view that they require more time before deciding whether to proceed with negotiations on the Proposed Merger and will revert with their decision by 2 January 2021.

The Company will make the requisite announcement(s) on Bursa Malaysia Securities Berhad (“Bursa Securities”) for any material developments in relation to the Proposed Merger in due course.

This announcement is dated 28 October 2020.



Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 28 Oct 2020
Category General Announcement for PLC
Reference Number GA1-28102020-00088