KUALA LUMPUR, Aug 19 — UEM Sunrise Bhd’s indirect wholly owned subsidiary UEM Sunrise South Africa Proprietary Ltd plans to divest its entire equity interest of 80.4 per cent held in Roc-Union Proprietary Ltd and claims at a total consideration of 142.6 million rand .
“The purchaser is also entering into a similar arrangement to acquire the remaining equity interest of 19.6 per cent in Roc-Union held by a local investor,” UEM Sunrise said in a filing with Bursa Malaysia today. Meanwhile, the consideration is based on Roc-Union’s audited accounts for the financial year ended December 31, 2021 after considering Roc-Union’s share values and existing shareholder’s advances.
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