UEM EDGENTA BERHAD
2016 ANNUAL REPORT
45. SIGNIFICANT EVENTS (CONT’D.)
(f) On 3 October 2016, the members’ voluntary winding-up of OIL, a wholly-owned subsidiary of Opus Group Berhad,
which in turn is a wholly-owned subsidiary of the Company, has been completed and accordingly is no longer an
indirect subsidiary of the Company.
(g) On 1 November 2016, the Company acquired two (2) ordinary shares of RM1.00 each representing the entire
issued and paid-up capital of Edgenta Energy Projects for a total cash consideration of RM2.00. Following the
transaction, Edgenta Energy Projects became a wholly-owned subsidiary of the Company. Edgenta Energy Projects
was incorporated on 20 October 2016 with an intended principal activity of providing energy management services
and renewable energy services, through capital investment.
On 25 November 2016, Edgenta Energy Projects, increased its issued and paid-up share capital from RM2.00 to
RM0.8 million by way of an issue of 749,998 new ordinary shares of RM1.00 each fully paid at par value of cash.
(h) On 17 November 2016, a Final Meeting of the members’ voluntary liquidation of Renown Alliance Sdn. Bhd.
(“Renown Alliance”), a wholly-owned subsidiary of the Company was duly held. As such, Renown Alliance shall be
dissolved and cease to be a subsidiary of the Company with effect from 17 February 2017, which is upon the
expiration of three (3) months after the lodgement of a return of the final meeting with the Companies Commission
(i) On 15 December 2016, Edgenta Singapore, a wholly-owned subsidiary of the Company completed the acquisition
of the entire issued and paid-up share capital of AIFS group for a total cash consideration of SGD191.9 million
(RM595.0 million). Accordingly, AIFS and its subsidiaries are now indirect wholly-owned subsidiaries of the
46. SUBSEQUENT EVENT
(a) On 17 February 2017, Renown Alliance was dissolved by way of members’ voluntary liquidation and ceased to be
a subsidiary of the Company.
(b) On 15 March 2017, the Company had lodged with Securities Commission Malaysia the required information and
relevant documents relating to the proposed issuance of Islamic Commercial Papers (“ICP Programme”) and Islamic
Medium Term Notes (“IMTN Programme”) with a combined aggregrate limit of up to RM1,000.0 million in nominal
value and a sub-limit of RM300.0 million in nominal value for the ICP Programme under the Shariah principle of
Murabahah via a Tawarruq arrangement (collectively, the ICP Programme and IMTN Programme shall be referred
to as the “SUKUK Programmes”). The proceeds raised from the SUKUK Programmes shall be utilised by the
Company for its Shariah-compliant general corporate purposes.