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Proposed Malaysian mega real estate merger raises questions

Proposed Malaysian mega real estate merger raises questions.

KUALA LUMPUR - A proposed merger of the property arm of sovereign fund Khazanah Nasional Berhad with one of Malaysia's most aggressive but debt-laden developers, Eco World Development Group, is raising some concerns - especially about whether the state-controlled enterprise will benefit from such a deal at a time when Malaysia's real estate sector is under pressure.

To read more:https://www.straitstimes.com/asia/se-asia/proposed-malaysian-mega-real-estate-merger-raises-questions

Adapted from The Straits Times 22 November 2019