PETALING JAYA: UMW Holdings Bhd
is retaining UMW Synergistic Generation Sdn Bhd and its two subsidiaries under the company instead of listing them under UMW Oil & Gas Corp Bhd.
Maybank Investment Bank Bhd and CIMB Investment Bank Bhd said in a filing on behalf of the UMW board that this strategic decision was made to continue nurturing UMW Synergistic, with the objective of maximising value creation for all stakeholders.
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