UMW-OG rights issue on track


Rohaizad: We believe that if shareholders are in for the long term, we will get the support as this exercise will be good for everyone.

PETALING JAYA: Despite UMW Oil & Gas Corp Bhd’s (UMW-OG) share price having plummeted by some 65% since it announced a massive rights issue back in January, the company is forging ahead with the exercise, says president Rohaizad Darus.

“We believe that if shareholders are in for the long term, we will get the support, as this exercise will be good for everyone.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , umw oil and gas , rights issue , share , price , fall ,

   

Next In Business News

Oil settles higher on Mideast supply concerns
MAA to sell entire stake in Turiya for RM53mil
Tesla’s plan for affordable cars takes page from Detroit rivals
Singapore’s growth trajectory remains intact and on track for faster growth in 2024
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Rising data centre ability
CMM seeks feedback on Sector Guides for ESG disclosures
Making scents of success
Blackstone, KKR mortgage REITs stung by office debt challenges
Sapura Energy takes a step to turn the tide

Others Also Read