Faber
What we found
Faber Group Bhd, a 70 percent owned subsidiary of UEM Group Bhd, received its shareholders' approval to change its name to UEM Edgenta Bhd.
The evidence
3 claims across 2 areasHandover
NegativeFaber Union Sdn Bhd failed to complete a property within 36 calendar months as stipulated in the sale and purchase agreement, and the purchaser sued for liquidated damages.
Corporate continuity
UEM Edgenta shareholders approved a proposed selective capital reduction and repayment exercise, with disinterested shareholders holding 97.09 percent of disinterested shares voting in favour. This paved the way for the company's delisting from the Main Market of Bursa Malaysia, expected to complete in early July 2026.
One more finding
UEM Group Bhd, a wholly owned unit of Khazanah Nasional Bhd, moved in 2025 to take UEM Edgenta private, when it owned 69.14 percent of the company.
