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UEM-Renong finalises revamp


Friday, March 28, 2003

UEM-Renong finalises revamp

BY B.K. SIDHU

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. 

   

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