UMW: May list O&G unit by year end

UMW Holdings Bhd  may list its oil and gas (O&G) division by year end, said president Datuk Abdul Halim Harun. He said the firm is still hopeful to see the proposed listing take off after three postponements. “We would like to see it happen, but it will depend on several factors, which include the economic condition,” he said. Abdul Halim said UMW wants to see its investments in India pay off first before any concrete decision can be made. The group derives a fifth of its revenue from O&G activities and has operations in 12 countries. (BT)

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