UMW’s capex to hit RM4b over next 3 years, says RAM Ratings


KUALA LUMPUR: UMW Holdings Bhd's capital expenditure (capex) is estimated to come up to about RM4bil over the next three years, says RAM Rating Services Bhd.

The rating agency said on Tuesday of the RM4bil, about RM2.6bil was to expand its oil and gas (O&G) division.

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