UMW O&G to reorganise debt portfolio

Rohaizad: ‘When times are good, banks will always be ready to give you extensions on your short-term loans but when times are bad, they may refuse to extend, so it’s prudent to do this now so that there will be no surprises later.’

Head honcho says company’s financial performance this year will be similar to that of last year’s

UMW Oil & Gas Corp Bhd (UMW O&G) will be converting some of its short-term loans into longer-term loans as a prudent measure in the current environment of weak crude oil prices.