PETALING JAYA: UEM Edgenta Bhd is acquiring an 80% stake in integrated facilities management services company KFM Holdings Bhd for RM128mil, a deal that will expand its presence in Malaysia as well as reach into the United Arab Emirates (UAE).
In a filing with Bursa Malaysia, the total asset solutions provider said it had signed a share sale agreement with Nurolamin Abas and Fardan Abdul Majeed for the 80% shareholding under a cash and share deal. The latter two own 100% in KFM.
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