Questions surface over timing of UEM Edgenta’s SCR move

THE move to take UEM Edgenta Bhd private via a selective capital reduction and repayment (SCR) exercise must have left some of its shareholders questioning the timing of the proposal by its controlling shareholder, UEM Group Bhd, a wholly-owned subsidiary of sovereign wealth fund Khazanah Nasional Bhd.

On Nov 26, UEM Edgenta’s shares closed at 90.5 sen a share.