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Home News Auto News UMW’s Proposed Takeover Of Perodua Stalled As MBMR Rejects Deal Offer UMW’s Proposed Takeover Of Perodua Stalled As MBMR Rejects Deal Offer Auto News Hans | April 11, 2018 01:57 pm As predicted by several analysts including RHB Research, the shareholders of MBM Resources (MBMR) have voted to reject the much publicized takeover offer by UMW Holdings.Both Med-Bumikar Mara Sdn Bhd and its wholly-owned subsidiary, Central Shore Sdn Bhd (CSSB), the two biggest shareholders of MBMR, have turned down the conditional offer made by UMW Holdings. The offer is worth about RM 501 million, in return for a 50.07 percent stake in MBMR.At the same time, UMW Holdings has made a separate announcement to Bursa Malaysia that it will be extending its offer to MBMR from the previous deadline of 28-April 2018 to 30-April 2018.To recap, UMW Holdings, whose subsidiary UMW Toyota Motor holds distributorship for Toyota (including local assembly) and Lexus vehicles in Malaysia, had on 9-March 2018 initiate a move to take control of Perodua by increasing its stake from the current 38 percent to 70.58 percent.The conglomerate made an offer to purchase Med-Bumikar Mara Sdn Bhd and its wholly-owned subsidiary, Central Shore Sdn Bhd (CSSB)’s 50.07 percent stake in MBMR, which in turn holds 22.58 percent stake in Perodua. UMW Holdings had also made a separate offer to purchase the government-owned PNB Equity Resource Corporation Sdn. Bhd.’s 10 percent stake in Perodua for RM117.5 million.Apart from Perodua, MBMR also holds the distributorship rights to Daihatsu and Hino, both Toyota-affiliated brands. MBMR owns 51.5 percent of commercial vehicles distributor Daihatsu (Malaysia) Sdn. Bhd. (DMSB) and 42 percent of Hino Motors Sales (Malaysia) Sdn. Bhd. (HMSM), plus 42 percent of lorry assembler Hino Motors Manufacturing (Malaysia) Sdn. Bhd. (HMMM). ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Daihatsu mbmr perodua Toyota UMW Print Related News Daihatsu Opposes Takeover Deal - UMW Holdings versus MBMR Auto News Siew Weng | April 11, 2018 New information has come in on the ongoing takeover deal between UMW Holdings and MBM Resources (MBMR).In an article today by Starbiz, MBMR’s ... Toyota, Hino, Daihatsu, And Perodua To Consolidate Under UMW Holdings? Auto News Hans | April 11, 2018 Last week, UMW Holdings made an offer to acquire MBM Resources (MBMR) from their present controlling shareholders Med-Bumikar Mara SB and Central ... Perodua Officiates New RM500 Million Engine Plant Auto News Kon | November 08, 2016 Daihatsu Motor Co Ltd and Perodua have officiated the Daihatsu Perodua Engine Manufacturing Sdn Bhd (DPEM) joint venture facility located in the ... UMW Likely To Be Dropped From FBM KLCI, Replaced by Hap Seng Auto News Hans | May 26, 2016 The slump in the oil and gas sector plus a declining automotive business has taken a heavy toll on UMW Holdings. According to RHB Research’s latest ... Comments
UMW’s Proposed Takeover Of Perodua Stalled As MBMR Rejects Deal Offer Auto News Hans | April 11, 2018 01:57 pm As predicted by several analysts including RHB Research, the shareholders of MBM Resources (MBMR) have voted to reject the much publicized takeover offer by UMW Holdings.Both Med-Bumikar Mara Sdn Bhd and its wholly-owned subsidiary, Central Shore Sdn Bhd (CSSB), the two biggest shareholders of MBMR, have turned down the conditional offer made by UMW Holdings. The offer is worth about RM 501 million, in return for a 50.07 percent stake in MBMR.At the same time, UMW Holdings has made a separate announcement to Bursa Malaysia that it will be extending its offer to MBMR from the previous deadline of 28-April 2018 to 30-April 2018.To recap, UMW Holdings, whose subsidiary UMW Toyota Motor holds distributorship for Toyota (including local assembly) and Lexus vehicles in Malaysia, had on 9-March 2018 initiate a move to take control of Perodua by increasing its stake from the current 38 percent to 70.58 percent.The conglomerate made an offer to purchase Med-Bumikar Mara Sdn Bhd and its wholly-owned subsidiary, Central Shore Sdn Bhd (CSSB)’s 50.07 percent stake in MBMR, which in turn holds 22.58 percent stake in Perodua. UMW Holdings had also made a separate offer to purchase the government-owned PNB Equity Resource Corporation Sdn. Bhd.’s 10 percent stake in Perodua for RM117.5 million.Apart from Perodua, MBMR also holds the distributorship rights to Daihatsu and Hino, both Toyota-affiliated brands. MBMR owns 51.5 percent of commercial vehicles distributor Daihatsu (Malaysia) Sdn. Bhd. (DMSB) and 42 percent of Hino Motors Sales (Malaysia) Sdn. Bhd. (HMSM), plus 42 percent of lorry assembler Hino Motors Manufacturing (Malaysia) Sdn. Bhd. (HMMM). ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Daihatsu mbmr perodua Toyota UMW
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Daihatsu Opposes Takeover Deal - UMW Holdings versus MBMR Auto News Siew Weng | April 11, 2018 New information has come in on the ongoing takeover deal between UMW Holdings and MBM Resources (MBMR).In an article today by Starbiz, MBMR’s ...
Toyota, Hino, Daihatsu, And Perodua To Consolidate Under UMW Holdings? Auto News Hans | April 11, 2018 Last week, UMW Holdings made an offer to acquire MBM Resources (MBMR) from their present controlling shareholders Med-Bumikar Mara SB and Central ...
Perodua Officiates New RM500 Million Engine Plant Auto News Kon | November 08, 2016 Daihatsu Motor Co Ltd and Perodua have officiated the Daihatsu Perodua Engine Manufacturing Sdn Bhd (DPEM) joint venture facility located in the ...
UMW Likely To Be Dropped From FBM KLCI, Replaced by Hap Seng Auto News Hans | May 26, 2016 The slump in the oil and gas sector plus a declining automotive business has taken a heavy toll on UMW Holdings. According to RHB Research’s latest ...