UEM Land: Sunrise shareholders say ‘aye’

UEM Land Holdings Bhd has received enough acceptances from Sunrise Bhd shareholders to ensure its RM1.4 billion takeover will happen.

Shareholders with more than 50 per cent of Sunrise have said yes to the offer, which has been extended to January 7 2011 from tomorrow, UEM Land said in a statement to Bursa Malaysia yesterday.

The offer still needs the approval of UEM Land shareholders at a meeting tomorrow

By Business Times