UEM Edgenta acquires majority stakes in two UAE-based companies for RM55.1mil

KUALA LUMPUR: UEM Edgenta Bhd’s indirect wholly-owned subsidiary Edgenta International Investments LLC (EII) has entered into a sale and purchase agreement and shareholders’ agreement with UAE-based NW Kaizen Holding Ltd to acquire 60 per cent equity interests in Kaizen Owner Association Management Services LLC (KOA) and Kaizen AMS Property Supervision LLC (KAMS).

In a filing with Bursa Malaysia today, UEM Edgenta said the acquisition would be for AED43.2 million (RM55.1 million) in cash.