UEM-Renong finalises revamp

The UEM-Renong Bhd group announced yesterday its long-awaited final restructuring plan, which will see Renong being taken private and the streamlining of core business units under a new company to help the group trim debts. 

Renong's listed status would be transferred to a new company, UEM World Bhd, which would have four core activities: engineering and construction, healthcare, environmental services, and property.