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KUALA LUMPUR : The proposed RM128mil acquisition of KFM Holdings Sdn Bhd by UEM Edgenta Bhd appears fairly valued, as a substantial portion of the payments are conditional upon KFM achieving key targets over the next few years, said Hong Leong IB Research (HLIB Research).
KUALA LUMPUR: UEM Edgenta Bhd, which has proposed to acquire an 80% equity stake in KFM Holdings Sdn Bhd for RM128mil cash, has entered into a shares sale agreement with KFM's controlling shareholders for the deal.
KUALA LUMPUR: UEM Edgenta Bhd has been awarded a five-year road maintenance contract by the Selangor Public Works Department worth RM109.06mil.