SHAH ALAM: UMW Holdings Bhd is looking at consolidating its oil and gas (O&G) division and may consider mergers and acquisitions again only after a year or so, according to president and group chief executive officer Datuk Abdul Halim Harun.
“The division has been expanding very fast in the past few years so it is time to consolidate now. We have to tidy up the division and make sure that everything is in order and performing well,” he told StarBiz.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!