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.

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