UEM Edgenta shareholders today approved the proposed selective capital reduction and repayment exercise (SCR), paving the way for UEM Group to increase its 69.14 percent stake in the asset management and infrastructure solutions company to 100 percent.

In a statement, UEM Group said the SCR proposed by the group will take effect on lodgement of the sealed order from the High Court of Malaya with the Companies Commission of Malaysia.

The delisting of UEM Edgenta...