UEM Sunrise to sell stake in Roc-Union

PETALING JAYA: UEM Sunrise Bhd’s indirect wholly owned subsidiary, UEM Sunrise South Africa Proprietary Ltd (seller), plans to divest its entire equity interest of 80.4% held in Roc-Union Proprietary Ltd and claims at a total consideration of 142.6 million rand (RM38mil).

The seller, which is a wholly owned subsidiary of UEM Sunrise Overseas Corp Sdn Bhd, has entered into a sale of shares and claims agreement with Olive Investment Trust (purchaser).