KUALA LUMPUR: UEM Edgenta Bhd is buying a 60 per cent stake in UAE-based Kaizen Group for 43.2 million dirham (about RM55.1million).
In its filing with Bursa Malaysia today, the company said its indirect wholly-owned subsidiary Edgenta International Investments LLC had on Dec 2 entered into a sale and purchase agreement and shareholders’ agreement with NW Kaizen Holdings Ltd for the acquisition.
The acquisition is aligned with the Edgenta of the Future 2025 vision to expand UEM Edgenta’s regional footprint and enhance product and technology proposition in high growth markets such as Dubai…
