UMW likely to get its way in MBM

Increasing stake: UMW owns a 38 stake in Perodua. Its parent company PNB has 10 in Perodua, a stake which UMW is planning to also buy. Combined with gaining control of MBM, UMW will end up with close to 70.6 in Perodua.

Med-Bumikar Mara’s EGM end of this month may result in shareholders accepting stake buyout offer

ONE significant party in the UMW Holdings Bhd-MBM Resources Bhd-Perodua saga is government agency Majlis Amanah Rakyat (Mara).