UEM’s RM128mil acquisition plan of KFM ‘fairly valued’

KUALA LUMPUR : The proposed RM128mil acquisition of KFM Holdings Sdn Bhd by UEM Edgenta Bhd appears fairly valued, as a substantial portion of the payments are conditional upon KFM achieving key targets over the next few years, said Hong Leong IB Research (HLIB Research).

KFM is primarily involved in the integrated facilities management (IFM) business. More than half of its revenue comes from a concession to provide management services for the Prime Minister’s Office in Perdana Putra Complex, Putrajaya.