UMW to buy controlling stake in Perodua for RM500 million


A file photo of the launch of the Axia in 2014. European automaker UMW says the proposals will allow it to increase its strategic stake in Perodua.­– EPA pic, March 10, 2018.

EUROPEAN automaker UMW Holding Bhd is planning to gain control of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) for RM501.04 million.

In a filing with Bursa Malaysia, UMW plans to acquire a 50.07% stake in MBM Resources Bhd (MBMR) for RM2.56 per share.


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