MY Dealbook: Cycle & Carriage pares stake in Mercedes-Benz; UMW sells land

MY Dealbook: Cycle & Carriage pares stake in Mercedes-Benz; UMW sells land

Photo: Reuters

Malaysia’s largest network dealer for Mercedes-Benz Malaysia (MBM), Cycle & Carriage Bintang Bhd, is selling its 49 per cent stake in MBM to Daimler AG while UMW Holdings Bhd is disposing a leasehold industrial land for RM287.7 million ($69.05 million).

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