KUALA LUMPUR (AFX-ASIA) – KUB Malaysia Bhd said it will further dispose of non-core assets, with the returns being used to reduce its gearing. In a statement, the company said it aims to reduce borrowings to RM160 million, or to a gearing ratio of 0.3 times, by the end of the second quarter. (US$1=RM3.8) It…
MALAYSIA: KUB to further dispose of non-core assets; wins 2 new ICT projects
Posted on July 2, 2004 by EnergyAsia