Non cash transaction. Wonder how will this affect share prices.

Which counter to buy?


"The proposed share swap will entail the issuance of new shares in UEM Sunrise at 44.3 sen each to shareholders of Eco World in exchange for all Eco World shares at 46.9 sen each.

Pending shareholders' approval, the merger will see Khazanah controlling the enlarged group with a 43 per cent stake.

UEM Group said it would remain the single largest shareholder of the enlarged UEM Sunrise with a 43 per cent stake, while Eco World's substantial shareholders would hold 24.2 per cent.

Overall, government-linked investment companies including that of UEM Group will hold a collective stake of more than 50 per cent."

https://www.nst.com.my/business/2020/10/629...ger-proposition

https://www.freemalaysiatoday.com/category/...erger-proposal/

UEM Sunrise big boss quits 🤭😁

Why quit? Disagree w the merger?

Resign in protest.

Confirmed disagree....
Actually only EW would be benefits from the merger...