UMW Holdings

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UMW Holdings Berhad
Type Berhad / corporation
Industry Auto
Oil & Gas
Manufacturing & Engineering
Equipment
Founded 1902s
Key people Tan Sri Datuk Asmat bin Kamaludin (Group Chairman)
Datuk Syed Hisham bin Syed Wazir (Group MD & CEO)
Revenue IncreaseRM 9.9 billion
Employees 11,000
Website www.umw.com.my

The UMW Holdings Berhad (MYX: 4588) is one of the largest companies and also one of the leading industrial enterprises, serving the economies of Malaysia and the Asia-Pacific region. The UMW Group is an RM 9.9 billion company and ranks among the foremost corporations listed on the Bursa Malaysia. Its net assets exceed RM2.3 billion and its workforce numbers more than 11,000 employees serving customers through a nation-wide distribution network.

UMW Holdings Bhd expects to execute an Initial Public Offering (IPO) to sell 30 percent of its oil and gas unit to institutional investors . The investment banking industry estimates the deal would raise up to USD 1 billion. [1]

References[edit]

  1. ^ "Malaysia’s next mega-IPO to raise $1b". Investvine.com. 2013-05-17. Retrieved 2013-05-21. 

External links[edit]

Human Rights[edit]

UMW Holdings Bhd has been criticised by human rights groups for helping to fund the Burmese regime. The company was added to the Burma Campaign UK's Dirty List in 2008 for directly or indirectly funding the Burmese regime.