UMW seeks majority stake in Malaysian carmaker Perodua for $235m

UMW seeks majority stake in Malaysian carmaker Perodua for $235m

Photo: Perodua website

Malaysia-based investment holding firm UMW Holdings Berhad has announced plans to acquire a majority stake in carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua). It will do so by taking over automotive group MBM Resources Bhd (MBMR) and acquiring a stake held by PNB Equity Resources Corp (PERC).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter