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

Perodua
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).

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