UMW closing in on Perodua

Med-Bumikar shareholders vote to sell stake in MBM

PETALING JAYA: UMW Holdings Bhd is one step closer to taking a majority stake in Perusahaan Otomobil Kedua Sdn Bhd (Perodua) after shareholders of Med-Bumikar Mara Sdn Bhd, who collectively hold 52.06% of the outstanding shares, voted to sell its 50.07% stake in listed auto group MBM Resources Bhd to UMW.