SC grants UEM Sunrise more time


The SC had approved the EOT until Jan 31,2021, whereby UEM Sunrise and EcoWorld are to decide by Jan 2,2021 whether to proceed with discussions in relation to the proposed merger

KUALA LUMPUR: The Securities Commission (SC) has approved the extension of time (EOT) application by UEM Sunrise Bhd to announce any firm intention to make a takeover offer with regard to the proposed merger with Eco World Development Group Bhd (EcoWorld).

The SC had approved the EOT until Jan 31,2021, whereby UEM Sunrise and EcoWorld are to decide by Jan 2,2021 whether to proceed with discussions in relation to the proposed merger. — Bernama

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