UMW Holdings has announced that it has made two separate share purchase offers in a deal that will eventually see it increasing its stake in Perodua to 70.6%, The Star reports. It currently has a 38% stake in the second national car manufacturer.
The first part of the deal is the purchase of a 50.07% stake in auto parts company MBM Resources from Med-Bumikar Mara for RM501 million. The acquisition of this will trigger a mandatory offer for the rest of the shares in MBM Resources, which currently owns a 22.58% stake in Perodua.
The planned takeover of MBM Resources – which is involved in the manufacture of automotive parts/products and also the distribution and dealership of brands such as Perodua, Daihatsu, Hino, Mitsubishi, Volkswagen and Volvo in the country – will raise UMW’s effective interest in Perodua to 60.6%.
The second offer is to buy a 10% stake in Perodua from Permodalan Nasional Berhad (PNB) for RM417.5 million in a cash-and-new shares deal. The completion of these deals will see UMW raising its stake in Perodua to 70.6%.
In a filing to Bursa Malaysia, UMW said the move will allow it to increase its strategic stake in Perodua as well as expand its exposure in the commercial vehicle segment through MBM Resources’ network. “The proposed acquisitions are consistent with the company’s strategy to enhance its core businesses in the automotive, equipment and manufacturing and engineering segments,” it said.
“It will allow the company to further improve its prospects in the automotive segment via leveraging on Perodua’s strength in the national car segment, coupled with the company’s existing presence in the non-national car segment via the Toyota marque,” it added.
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TOYOTA also smartly, by providing same engine family 1.5cc to P2 cars though Daihatsu, but at lower Horse power and Torque when compared to Vios 1.5
In another words, toyota managed to make it even crappier and donated a crappy engine from their museum.
True brahh. P1 engines in saga & persona way more advanced than any daihatsu/p2.
Government should stop buying Proton cars for the hundreds of Government Departments as well as enforcement departments such as PDRM, Kastam etc.
It is high time Government replace all their Proton models with Perodua. This is because, Perodua is now officially 70.6% Government owned.
Better to order from Perodua as the money will circulate within Malaysia and UMW, which is fully Government owned.
You buy Proton, it is a China car. Our Government’s money will go back to China. Why support a foreign company? Better to support a local Malaysian company like Perodua and UMW
Brilliant move UMW toyota. Promising P2 sales, higher KWSP for rakyat! P2 lagi best!!
Lower power and tuned improve reliability and reduce breakdown.
Habis la P1, now so obvious Government supports P2. Quality mah!
It’s all in the ECU la. Just tweak it and you’ll get same power and torque output. What’s so smart about Toyota?
What’s so smart about Toyota? Hehehe. Toyota is smarter bcos they can sell their engines & transmission by the millions.
All vehicles engines & transmission parts needs to be replace sooner or later. That’s long term business. Now U tell me if this is SMART or not !?
Can you made to be announce for All-New Perodua Myvi SE 2018 is now with variant only for SE 1.5 like new model last Nov 2017 in last year in release soon? Ok!
Who made the decisions?
Inkaming hi price with low spec perodua cars in the future
Because their Toyota sucks ball, just buy more Perodua to balance their losses.
Can expect Toyota’s offering to be silly and UMW don’t care because they make more money from Perodua.
You are spot on. This is why UMW don’t care a damn about the rakyat. Only in 2017, they gave VSC in all their cars. Before that, they were not bothered.
Why? Because all their money was coming from Perodua sales.
So, they had a tidak apa attitude.
This is why, it is very bad for a Government body to own or distribute cars in Malaysia. there is no neutrality. There is no check and balance.
The Government of the day cannot instruct the car company to give better safety spec (like VSC) to and for the rakyat. Why? Because the Government owns the car company
And that is why Bao Teng will be our savior.
Under leadership by Geely, they will disrupt the local market here unlike never before, everyone will then know the might of the Geely empire!
Geely, Bao Teng > all
hehe … cakap pun serupa communist.
“Under the leadership of our dear leader… ”
Disrupt what? … hahha …
The manufacturing arm is still owned in the majority and run by many Japs. But well done, UMW.
Goes to show, even our Government has confidence in P2. They know, P2 is successful and makes money. This cost our Government few billion but Khazanah thinks it is good investment.
Tak payah pikir, tak payah pening. Beli aje Perodua, tahniah UMW amat bijak lah…
Tak pikir tu jadi pening nanti. Pening macam mana high FC, RV macam unicorn dan takde safety.
Better to buy Perodua because…
New Proton RM50k
3 years later RM20k
New Perodua RM50k
3 years later RM38k
When time to sell car, have to top up loan. You wonder…what have I been paying the past 3 years?
Saya tak jual kereta dlm 3 tahun, jika jual bodoh sgt.
Ok i know. Sink together
might as well abolish the perodua brand and sell cheap cheap toyota to rakyat!
like that better to abolish P1 and sell cheap Geely here. At least P2 make money
New Myvi tak cantik…mcm flx
New myvi macam chee cheong fun..u berani ke bawak anak2…
Tak berani… nampak byk ham yu kat tepi jalan.
Cantik atau tak cantik tu subjektif… tapi New Myvi langsung tak ada manual 1.5. Auto Myvi, HarkTui. Traffic jam, i rather use public transport esp LRT/MRT (if going to downtown KL area) than driving a dumb shitty automatic cars.
Sila check mata dan hati anda
Sudah check, normal. Mmg tak cantik, terutamanya hiasan dlm dan luar reka bentuk.
See even Government got confidence in Perodua. They buy now total already 70.6%.
But Proton, they sell to China.
Buy Perodua, a car that even our Government has confidence in.
And why not? 2018 Myvi uses 100% a time tested Toyota VVTi engine. Proven reliability and economical to the max.
Dinosars oso were time tested and lasted millions of years. Where r they now?
Now Perodua back up by Toyota while the Proton back up by Geely. Japan vs China technology. How Malaysia consumer going to made decision?
Definitely go China bcos China strong
New Myvi are fitted wit second class 1.5cc Toyota engine, different from the Vios. Pick up are slow and dragging although the Myvi weight is lighter than Vios.
Dumb to the max thinking! Perodua before this already selling overpriced cars. When the G have majority control via UMW, don’t you think the G will maximise profits at the expense of buyers. Lower income car buyers doesn’t really have much choice other than P2. All this sounds familiar because the role of P2 now was played by Proton 20 years ago.
This forever condemned Daihatsu rebadged junk cars should be stopped immediately. They make us Malaysians look like sad pitiful fools on the road until now.
The latest Kia Piccanto, 2nd Hand Jazz and even the Iriz models are far better cars compared to Perodua’s dreadful cars. Haters are gonna hate for sure but its true la. Come on.
There had been a couple of accidents with bezza and new myvi 3rd gen. Sadly, both resulted in deaths.
Thus, it raises doubt on how safe their cars really are. Compared to older peroduas, yes, but that’s a really low benchmark given how tin milo they were.
Meanwhile, an iriz recently plunged down from elevated highway, rolled 5 times, yet both driver and passenger survived, with some injuries, but alive. Photos clearly indicated HPF helped to protect the cabin section effectively, hence the reason they survived. Bravo Proton.
Proton, Geely > all
Better in terms of what?
The car you listed has each got their pros and cons, none of them are a single perfect car that fits every bill.
Sales volume speaks for itself, buyers know what they want.
In this technological advance age where information are at our fingertips, arguments that buyers dont know what they want or buyers are naive is moot.
Perodua held almost 40% of our total car sales figure for 2016 and 2017.
So who’s the hater here? ;)
Bcos 45% Malaysian not matured in buying car
Better in terms of #everydamnthing especially its built quality. Have you been living in your own world bro, hallucinating lately?
Seriously, be a man, Go and test drive all 3 of them Piccanto,Jazz and Iriz, you will immediately regret owning a Perodua car forever.
Kia picanto and honda jazz maybe. But proton iriz? Wtf !!
have u even been in the Update Iriz? drive it?
Totally Agree with your comment bro, at least you have the guts to type out. Those who dislike your comment are either blind or bias towards Perodua’s poor brand image and crappy rejected Japanese Daihatsu cars.
Who the hell buys Perodua cars nowadays where there are far greater cars to buy including the current KIA Piccanto and the Iriz facelift. Correct butthurt Perodua owners?
I hope it does not happen like p1-mitsu last time.. p1 start design n make their own engine n car.. p1 got more control later mitsu sold all their share..
Wth?!! Making my toes laugh by your ignorance Lol
Agree with your comment bro, at least you have the guts to type out. Those who dislike your comment are either blind or bias towards Perodua’s horrible cars same case with typical Honda Malaysian drivers. In fact most of Honda’s and all of Perodua’s cars are sheer crap compared to their other Japanese competitors.
The engine is the same just engine ecu is different because it’s hooked up to and old 4speed auto
Why not DRB-Hicom purchase this share? You see haow they turn Honda to be 2nd top rank above Proton and Toyota.
The new Myvi imho is the best designed car in its class. Everything from front to back just belong together and is easy on the eyes – no visual chinks at all. Axia took the first step towards good-looking small cars (Bezza – not so much). Truly the new Myvi is a master class of how small cars should be designed. It just busted the myth that if it’s small and cheap, it has to look bad in some way. Congrats team Perodua/ Daihatsu.
Clever. PNB has shares in both UMW and Perodua. And UMW now wants to buy PNB shares in P2.
Prepare for higher prices and lower specs. We all know how greedy UMW is. They will use this to take advantage of people who don’t know much about cars.
Knowing UMW with toyota, I really hope that they will not shortchange us on the specs for P2 models… as in giving us ancient tech that is not used by other brands anymore
10% share PNB in p2 cost RM 418 Million. But Geely buys 49.99% p1 only RM460 Millions. Is that right?