KUALA LUMPUR (Yosefardi) – UMW Holdings Berhad announced that UMW Petropipe (L) Ltd and UMW M&E Sdn Bhd (formerly known UMW Auto Parts Sdn Bhd), wholly-owned subsidiaries in the UMW Group, have jointly established a joint venture company known as PT UMW International in Indonesia.
“We have today received the Endorsement Decision issued by the Ministry of Law and Human Rights, Indonesia, confirming the establishment of PT UMW International, effective 25th July 2013,” the company said.
The intended principal activity of PT UMW International is investment holding and general trading.
The authorised share capital of PT UMW International at the date of incorporation will be US$4 million with initial paid-up share capital of US$1 million.
The first Directors of PT UMW International are Badrul Feisal bin Abdul Rahim, Azmin bin Che Yusoff, Megat Shahrul Azmir bin Nordin, Lala Ajani and Findy Sastriyana.