UMW may raise US$1bil in energy unit IPO


Yantoultra Ngui, Reuters            

UMW Holdings Bhd, Malaysia’s industrial-to-automotive conglomerate, is planning to sell 39 percent of its oil and gas unit in an IPO, a deal that some bankers say could raise up to US$1 billion.


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UMW may raise US$1bil in energy unit IPO

Yantoultra Ngui, Reuters,

UMW Holdings Bhd, Malaysia’s industrial-to-automotive conglomerate, is planning to sell 39 percent of its oil and gas unit in an IPO, a deal that some bankers say could raise up to US$1 billion.


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