UMW HOLDING BHD

ASSLAM….

Case assignment questions

 UMW HOLDING BHD

 

The UMW Holdings Berhad 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 rise up to USD 1 billion.

The history of UWM Holdings could be traced back to 1917 when Mr Chia Yee Soh, the Founder of the company, opened an automotive repair shop in Singapore. In 1936, the company acquired the agency for distributing Pennzoil lubricants product. In 1961, the company added heavy equipment to its business portfolio. By 1967, the company became a licensee of Mitsubishi Heavy Industry, obtained distributorship of Komatsu Japan heavy equipment, and acquired the agency for Toyota forklift. In 1970, UMW became the Group’s holding company and it was subsequently listed on the Kuala Lumpur Stock Exchange (KLSE) (Omar, 2008).

UMW Holdings began operation in 1917 as a business in bicycle spare parts. Oil was first discovered in Malaysia in 1910 in Miri, Sarawak. Later, the Malaysian Government passed the petroleum development act and established Petroleum Nasional Berhad (Petronas) in 1974; Petronas was entirely owned by the government (Abdullah, 2012). Since then, Petronas had been growing rapidly and had been listed in the Fortune’s 500 companies since 1995.

For more information, clik Mr. GooGle

That all, than you.

Assalamualaikum.