UEM World revamp: JPMorgan outlines 2 possible scenarios

UEM World Bhd which is set to announce a change in its business direction today may say it plans to take its listed units private via share swaps says JPMorgan.

Such an exercise could be aimed at upstreaming all the cash within the subsidiaries to finance the working capital needs for Iskandar Development Region.

Iskandar the foreign research house told clients in a note outlining two possible scenarios for UEM World s restructuring.