UEM Edgenta acquires two UAE firms for RM55mil

PETALING JAYA: UEM Edgenta Bhd’s indirect wholly-owned subsidiary, Edgenta International Investments LLC (EII), has entered into a sale and purchase agreement (SPA) and shareholders’ agreement with United Arab Emirates (UAE)-based NW Kaizen Holding Ltd to acquire 60% equity interests in Kaizen Owner Association Management Services LLC and Kaizen AMS Property Supervision LLC.

In a filing with Bursa Malaysia yesterday, UEM Edgenta said the acquisition would be for 43.2 million dirham (RM55.1mil) in cash.