Malaysian engineering firm UMW Holdings Bhd said its wholly-owned subsidiary UMW Petropipe (L) Ltd has proposed to subscribe to a 51% equity in UMW Ace (L) Ltd to tap the oil and gas industry in China and the region, according to The Star newspaper. UMW Petropipe last week signed a sale and purchase agreement with…
MALAYSIA: UMW unit buys stake in oil and gas firm
Posted on June 27, 2003 by EnergyAsia