Apr 23, 2010

UMW Apply for Oil & Gas IPO

UMW: Reviving plans to list O&G business. UMW Holdings plans to make a fresh application sometime this year  to list its oil and gas (O&G) business. UMW now derives a fifth of its revenue from O&G activities, had two years back obtained the Securities Commission's approval for the listing. However, it decided to put the plan on hold due to weak market conditions.  (Source: New Straits Times)