The Malaysian engineering-based infrastructure and services company, UEM Group, has acquired a majority shares in sustainable energy solutions firm Cenergi from Khazanah. UEM Group stated on Aug. 16 that Cenergi is now one of its subsidiaries.
Mohd Izani Ghani, UEM Group Managing Director, said, “Cenergi has a commendable track record with projects and presence across the country. We see immense potential in this company and are committed to nurture as well as provide the necessary expertise, operational and financial support that will enhance Cenergi’s operational capabilities, secure more projects and usher in a new era of growth.”
