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Article: Leaner UEM in the works, focus on 3 areas
- Article from:
- New Straits Times
- Article date:
- July 13, 2009
- Author:
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Shahriman Johari
New Straits Times
07-13-2009
Leaner UEM in the works, focus on 3 areas
Byline: Shahriman Johari
Edition: Main/Lifestyle
Section: Business Times
Type: Company
UEM Group Bhd will continue with its restructuring programme to ultimately focus on its three core areas of construction, property and expressways, its chairman said.
The diversified government-owned company plans to restructure certain businesses internally or sell them to existing management or interested third parties like other government-linked companies (GLCs).
"We will dispose and use the money to develop other core areas," chairman Tan Sri Dr Ahmad Tajuddin Ali told Business Times in an interview in Kuala Lumpur.
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