KUALA LUMPUR: UEM Group Bhd is unaware of any proposals by parties interested in acquiring its assets, said group managing director and chief executive officer Datuk Izzaddin Idris.
Speaking to reporters after UEM's Hari Raya open house here on Friday, Oct 1, he said if there was such a proposal it would have to go through UEM's shareholders.
He was responding to questions raised over rumours that MMC Corp Bhd had put in a RM15.6 billion bid to acquire UEM.
UEM Group is a unit owned by government investment arm Khazanah Nasional Bhd.
"We are trying to grow our businesses," he said. "Khazanah has not given any indication (to us) that it has received any proposals."
With regard to the sale of Time Engineering's 27.1% stake in TIME DOTCOM BHD [], he said "a few parties" had expressed interest, but that UEM was keen on growing the business before disposing its stake.
He declined to comment further on the matter.
Speaking to reporters after UEM's Hari Raya open house here on Friday, Oct 1, he said if there was such a proposal it would have to go through UEM's shareholders.
He was responding to questions raised over rumours that MMC Corp Bhd had put in a RM15.6 billion bid to acquire UEM.
UEM Group is a unit owned by government investment arm Khazanah Nasional Bhd.
"We are trying to grow our businesses," he said. "Khazanah has not given any indication (to us) that it has received any proposals."
With regard to the sale of Time Engineering's 27.1% stake in TIME DOTCOM BHD [], he said "a few parties" had expressed interest, but that UEM was keen on growing the business before disposing its stake.
He declined to comment further on the matter.
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