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Proposed real estate merger raises spectre of financial bailout in corporate Malaysia

Proposed real estate merger raises spectre of financial bailout in corporate Malaysia

KUALA LUMPUR – A proposed takeover of one of Malaysia’s top real-estate companies Eco World Development Group through a controversial merger plan spearheaded by sovereign fund Khazanah Nasional is raising concerns that Prime Minister Muhyiddin Yassin’s administration is succumbing to pressure to bail out politically well-connected firms using public funds.. Read more at

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