Eco World expanded aggressively in Malaysia and also with overseas ventures in London and Australia through its 27 per cent-owned associate entity Eco World International.

But the group's high leveraged expansion strategy has left it saddled with debts of more than RM3.7 billion against a backdrop of declining sales both in Malaysia and its international operations.

https://www.straitstimes.com/asia/se-asia/c...ger-in-malaysia

Perhaps tan Sri loyal followers and supporters could share some insiders story.

Ecoworld need merger to survive.

This post has been edited by icemanfx: Oct 5 2020, 08:21 PM

ecoworld will become a subsidiary of uem sunrise, life goes on.

Unless there is enormous political pressure, merger bailout is likely to complete. In the event of failure, cross default may occur next year. How it will end up will depend on stakeholders. It is still too early to speculate.

This post has been edited by icemanfx: Oct 6 2020, 12:06 PM

Corporate culture can't be bought or take over.