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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

UMW has no plans to acquire Khazanah’s 42.7-pct stake in automaker Proton

Posted on 12 January 2012

UMW Holdings Bhd (UMW) has no plans to acquire Khazanah Nasional’s 42.7 per cent stake in national automaker Proton, saying ‘it has a lot in its hands already’. Group chairman Tan Sri Asmat Kamaludin said UMW’s focus was on its present commitments, mainly the partnership with Toyota and Perodua.
“I think we’ve already cleared that UMW is not making any bids. “We at UMW are committed to our partner Toyota in enhancing its business here in Malaysia and making Perodua self-reliant pre- and post-NAP (National Automotive Policy)………………………………………..Full Article: Source


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