Khazanah’s UEM Bids $68 Million to Privatize Asset Firm Edgenta
UEM Group Bhd., the infrastructure arm of Malaysian sovereign wealth fund Khazanah Nasional Bhd., made a 282 million ringgit ($68 million) takeover bid to privatize its asset management subsidiary UEM...
By Ram Anand · Bloomberg Markets
UEM Group Bhd., the infrastructure arm of Malaysian sovereign wealth fund Khazanah Nasional Bhd., made a 282 million ringgit ($68 million) takeover bid to privatize its asset management subsidiary UEM Edgenta Bhd. via a selective capital reduction and repayment exercise.