KUALA LUMPUR: The construction of UMW Toyota Motor Sdn Bhd’s new RM2bil vehicle manufacturing plant in Bukit Raja, Klang, does not require any debt undertaking and will solely be financed by internal funds, said UMW Toyota president Datuk Ismet Suki.
Ismet said the investment would not present any cash-flow issues at the parent-company level. UMW Toyota is a joint-venture (JV) company 51% owned by UMW Holdings Bhd
, while the Toyota Group owns the other 49%.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
