Apart from suitors, there have also been reports of UEM Edgenta looking into a management buy-out of the company. Nevertheless, nothing has happened so far. In fact, UEM Edgenta’s managing director, Datuk Azmir Merican(pic), has now moved on to head Sime Darby Property Bhd. The suitors are probably still keen on UEM Edgenta.
WHEN Khazanah Nasional Bhd decided to divest companies that were not part of its transformation plan post-May 2018, UEM Edgenta Bhd
was among those that were to be sold.In the last two years, there have been suitors for UEM Edgenta, whose earnings anchor on providing support services to hospitals and maintenance works for highways under PLUS Malaysia Bhd.
The suitors were keen on UEM Edgenta because of its concession agreement with the Health Ministry to provide support services to some hospitals, and its long-term relationship with PLUS that saw it land most of the work for maintenance of the highways.
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