KUALA LUMPUR: Maybank Investment Bank Research is positive on Eco World Development’s (ECW) latest decision to venture overseas via a special purpose acquisition company (SPAC).
The SPAC, which will be led by the former SP Setia senior management, allows ECW to gain exposure to international property markets without overstretching its balance sheet and diverting its focus away from its Malaysian operations.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
