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New Straits Times

UEM Edgenta bags S$220.5mil hospital support services contract in Singapore

KUALA LUMPUR: UEM Edgenta Bhd's Singaporean unit UEMS Solutions Pte Ltd has secured a S$220.5 million (RM735 million) contracts from ALPS Pte Ltd to provide hospital support services to various hospitals in Singapore. The contract, which value is subjected to the finalisation of manpower resources, will last between 32 months and five years, with the earliest commencement date on May 1, 2025. "The contracts are expected to contribute positively to the earnings and net assets per share of UEM Edgenta for the financial year ending Dec 31, 2025. "The contracts will not have any effect on the issued and paid-up share capital, and the shareholding of the substantial shareholders of the company," it said in a bourse filing today. UEM Edgenta's share price closed unchanged at 74.5 sen, with a market capitalisation of RM619.6 million.