Seems there are some rumours going around that UOADB might merge with Focal Aims Holdings Bhd to create a RM45 billion property conglomerate.
Article is about two thirds of the way down this... http://www.theedgemalaysia.com/highlights/257553-stocks-to-watch-ghl-bat-jti-notion-vtec-uoa-adventa-kstb.html
UOADB's statement that they are not aware of any on-going negotiations seems a bit wishy-washy to me. If there's nothing behind it, why use terms "unaware" and "on-going"? Why not just say that the Company is not discussing a merger?
merger talks rumour
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