UMW to takeover MBM Resources and raise its stake in Perodua

UniRide runs a fleet of Perodua Axia in Universiti Teknologi Mara and Universiti Utara Malaysia under its car sharing programme.

KUALA LUMPUR: UMW Holdings Bhd is planning to take over MBM Resources Bhd in a deal that will ultimately give it a controlling stake in carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua).

UMW Holdings currently owns a 38% stake in Perodua.