EDGENTA

0.975

+0.025 (+2.6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UEM EDGENTA BERHAD ("UEM EDGENTA" OR THE "COMPANY") - COMPLETION OF THE PROPOSED DISPOSAL OF 51% EQUITY INTEREST IN FABER SINDOORI MANAGEMENT SERVICES PRIVATE LIMITED

UEM EDGENTA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
UEM EDGENTA BERHAD ("UEM EDGENTA" OR THE "COMPANY")
- COMPLETION OF THE PROPOSED DISPOSAL OF 51% EQUITY INTEREST IN FABER SINDOORI MANAGEMENT SERVICES PRIVATE LIMITED

Reference is made to the Company’s announcement dated 9 November 2022 in relation to the Proposed Disposal of 51% Equity Interest in Faber Sindoori Management Services Private Limited (“Faber Sindoori") ("Announcement"). Unless otherwise defined, the definitions set out in the announcement shall apply herein.  

 

The Board of Directors of UEM Edgenta wishes to announce the receipt of the Sale Consideration as follows:-

a) On 17 November 2022, 75% of the Sale Consideration less the capital gains tax on total Sale Consideration for the Proposed Disposal. Following the transfer of 51% equity interest in Faber Sindoori held by Edgenta Facilities Sdn Bhd ("EFSB") on even date, Faber Sindoori has ceased to be an associate of EFSB.

 

b) The balance 25% of the Sale Consideration from ASHL on 28 December 2022. Accordingly, the Proposed Disposal has been completed on even date. 

 

In addition, UEM Edgenta and Apollo Group has also entered into a Memorandum of Business Exploration as an extension of the strategic partnership for both parties to collaborate in new growth areas and to continue with introducing innovative solutions to the India Healthcare markets.

 

This announcement is dated 29 December 2022.






Announcement Info

Company Name UEM EDGENTA BERHAD
Stock Name EDGENTA
Date Announced 29 Dec 2022
Category General Announcement for PLC
Reference Number GA1-27122022-00008