PETALING JAYA: UMW Holdings Bhd
, the company behind one out of two vehicles sold in Malaysia last year, has officially become the indirect subsidiary of Sime Darby Bhd.
Sime Darby, via its unit Sime Darby Enterprise Sdn Bhd, emerged as the single-largest shareholder of UMW yesterday after it paid RM3.57bil to acquire Permodalan Nasional Bhd’s (PNB) 61.18% stake in UMW.
