An analyst says the move is minimal value-enhancing, while another says it's good for shareholders to have that focus as it is changing into a pure-play property developer. ANALYSTS were mixed in their opinions as to whether the proposed restructuring of UEM World Bhd would be good for all its shareholders.Most liked the fact that the deal allows investors to have direct exposure to the group's biggest asset, the soon-to-be-listed UEM Land, master developer of the Iskandar Development Region in Johor.UEM Land is 71.5 per cent owned by UEM World."It's changing from a conglomerate to a pure-play property development company. It's good for shareholders to have that focus," said an analyst from Hwang-DBS Vickers Research. Read more
(New Straits Times 16-2-2008)
