TA Research has revised the company’s ESG rating to three stars from four.
PETALING JAYA: There could be some near-term reputational damage to Sunway Construction Group Bhd
(SunCon) in relation to the investigation of an employee connected to a Johor data centre (DC) project tender by the Malaysian Anti-Corruption Commission (MACC), but the focus will remain on whether the company can continue to win more DC projects.
Analysts covering SunCon said while the case would run its course and be eventually settled, the company, which has a sterling reputation for corporate disclosures, must, for now, bear the brunt of reputational damage.
