UMW Oil & Gas becomes Velesto Energy

Malaysia-based UMW Oil & Gas Corp. Berhad has changed its name to Velesto Energy Berhad.

The company announced its intentions to change its name on 5 April, after it received approval from the Companies Commission of Malaysia on 15 March. On 15 May, the company’s shareholders approved the name change, which became effective 21 May.

In a statement released on 21 May, the company said, “The Board of Directors of the company wishes to announce that the company has today received the Notice of Registration of New Name dated 21 May 2018 issued by the Companies Commission of Malaysia. Accordingly, the name of the company has been changed from ‘UMW Oil & Gas Corporation Berhad’ to ‘Velesto Energy Berhad’ with effect from 21 May 2018.”