Cancelled: Proposed merger of property developers EcoWorld, UEM Sunrise

Eco World Development Group Bhd (EcoWorld) has decided to halt the proposed merger with Khazanah-linked UEM Sunrise Bhd (UEMS).

In a statement today, Eco World chairperson Liew Kee Sin said the decision was made following discussions with UEM Sunrise this month and after a careful evaluation by the Eco World board...