UEM Lestra completed the acquisition of a 51% stake in Dulang Ekuiti.

Synopsis

UEM Lestram, a developer of Malaysia's green industries, including renewable energy, green mobility, and energy efficiency, completed the acquisition of a 51% stake in Dulang Ekuiti, a power utility provider. Financial terms were not disclosed.

Principals

target

Dulang Ekuiti Sdn

bidder

Uem Group Berhad

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Market Context

MergerLinks - UEM Lestra completed the acquisition of a 51% stake in Dulang Ekuiti.