UEM-Renong revamp draws mixed reaction from investors


  • Business
  • Saturday, 29 Mar 2003

The UEM-Renong group's announcement of its final restructuring plan drew mixed reaction from investors yesterday. In its heyday, an announcement by the group would have boosted sentiment on the KLSE, but Thursday's news failed to even lift the share prices of most companies within the new UEM Group. 

Except for three – Intria Bhd, Projek Pengelenggaraan Lebuhraya Bhd (Propel) and PLUS Expressway Bhd – shares in the group's companies closed lower. 

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