Rohaizad: (The rights issue) will allow us to weather the current situation and expand in the future.
WHEN it was announced early this year that Permodalan Nasional Bhd (PNB) would inject an estimated RM750mil for its portion of UMW Oil & Gas’ (UMW-OG) RM1.8bil rights issue, the oil and gas company’s share price stood at 88 sen.
Since then, the share price had dived by about 65%, hitting a 52-week low of 30 sen on Thursday.
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