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Tajuk : UMW under 'very tight timeline' to dispose of non-listed O&G assets
link : UMW under 'very tight timeline' to dispose of non-listed O&G assets
UMW under 'very tight timeline' to dispose of non-listed O&G assets
SHAH ALAM (May 25): Conglomerate UMW Holdings Bhd is facing increasing pressure to find a buyer for its 16 non-listed oil and gas (O&G) assets, as it refocuses its growth trajectory on three core sectors — automotive, equipment and manufacturing engineering.
The group's O&G segment's pre-tax loss widened to RM104.9 million in the first quarter ended March 31, 2017 (1QFY17) compared with RM68.4 million in 1QFY16, on lower revenue.
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