UEM Edgenta’s gearing to reduce, plans to sell 61.2% in NZ-based subsidiary


Juggling eight businesses, chief executive officer Azmir Merican (pic) said that there is still a lot more to be done to blend in all businesses to ensure smooth operation within the company."

PETALING JAYA: UEM Edgenta Bhd’s gearing is poised to drop by half after it announced plans to dispose of its 61.2% stake in New Zealand-based public-listed subsidiary, Opus International Consultants Ltd (OIC).

The asset management service provider said its gross gearing would drop to 0.4 times from 0.8 times after the corporate exercise is completed.

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