KUALA LUMPUR: The construction of UMW Toyota Motor Sdn Bhd’s new RM2bil vehicle manufacturing plant in Bukit Raja, Klang, does not require any debt undertaking and will solely be financed by internal funds, said UMW Toyota president Datuk Ismet Suki.
Ismet said the investment would not present any cash-flow issues at the parent-company level. UMW Toyota is a joint-venture (JV) company 51% owned by UMW Holdings Bhd, while the Toyota Group owns the other 49%.
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!