Posted by EVEBITDA > 2023-07-14 07:42 | Report Abuse

UMW may tie up to produce EV parts? Tesla has said no local restrictions/ Ali baba if they open plant in Malaysia. Closest to full fill is the parts manufacturing.

Posted by EVEBITDA > 2023-07-14 07:44 | Report Abuse

exciting times for Perodua being the largest car producer and UMW being the largest high end part manufacturer.

Posted by rchi > 2023-07-31 16:28 | Report Abuse

Lets go.

Posted by rchi > 2023-07-31 16:29 | Report Abuse

Total break out.

Posted by Rio2814 > 2023-07-31 18:08 | Report Abuse

Why harga naik gila

Posted by rchi > 2023-07-31 19:34 | Report Abuse

Go check ringgit vs usd rate

Posted by rchi > 2023-07-31 19:34 | Report Abuse

No one here,waste time posting.

Posted by Rio2814 > 2023-07-31 19:53 | Report Abuse

No need to be rude...

Posted by Omitofo > 2023-08-01 09:29 | Report Abuse

rchi bro, umw good enter? heheh

Posted by Rio2814 > 2023-08-03 23:19 | Report Abuse

Saya dengar ada good news mahu mari....

Posted by rohank71 > 2023-08-08 12:44 | Report Abuse

Sime will buy UMW and Perodua from PNB and MBM?

Posted by Rio2814 > 2023-08-08 18:48 | Report Abuse

Rohank71.... yupp. Do you know the offer price?

Posted by rohank71 > 2023-08-08 19:53 | Report Abuse

no I don't know what price it's being done or if a GO?

Posted by Rio2814 > 2023-08-09 18:12 | Report Abuse

https://www.msn.com/en-my/money/topstories/pnb-to-sell-stake-in-umw/ar-AA1cqF5l

Posted by Rio2814 > 2023-08-13 23:38 | Report Abuse

https://www.klsescreener.com/v2/news/view/1188075

Posted by pang72 > 2023-08-15 11:29 | Report Abuse

Why nobody like to drive myvi?
I drive myvi for 10 years then change another myvi - this is 国名战车leh

Posted by LogicTradingAnalysis > 2023-08-16 20:11 | Report Abuse

5.0 coming very soon

Posted by rohank71 > 2023-08-20 22:42 | Report Abuse

5.50 coming soon

Posted by zenpaw04 > 2023-08-21 16:10 | Report Abuse

UMW Group's vehicles sales jump 47 pct year-on-year in July

https://www.nst.com.my/business/2023/08/945518/umw-groups-vehicles-sales-jump-47-pct-year-year-july%C2%A0

Posted by talk2pkc > 2023-08-22 20:19 | Report Abuse

Why EPF doing elephant dump over few big blocks lately .........

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-23 10:32 | Report Abuse

UMW has seen a re-rating recently due to better sales and profits.

Posted by LogicTradingAnalysis > 2023-08-23 15:14 | Report Abuse

6.0 gogogo

Posted by Rio2814 > 2023-08-23 17:41 | Report Abuse

Qr2 will be good

Posted by troy88 > 2023-08-24 09:37 | Report Abuse

Congrats. One of the comeback kings of 2023

Posted by mf > 2023-08-24 14:15 | Report Abuse

4588 UMW, UMW HOLDINGS BHD - +
UMW - Suspension of Trading
24 Aug 2023, 13:31
UMW - Suspension of Trading
UMW - Suspension of Trading
ILC-24082023-00039
Kindly be advised that in conjunction with Sime Darby Berhad?s request for
suspension, trading in the above Company's securities will be suspended with
effect from 2.30 p.m., Thursday, 24 August 2023. Accordingly, trading in
structured warrants relating to UMW will also be suspended at the same time.
VP, Issuers, Listing
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Posted by fortunefire > 2023-08-24 15:12 | Report Abuse

special dividend coming soon

Posted by kokchengkai > 2023-08-24 15:42 | Report Abuse

day day say RM5.00 so now sime give u RM5 lor

Posted by LG1331 > 2023-08-24 15:59 | Report Abuse

Since UMW will be delisted, what will happen to those who bought UMW shares?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-24 16:28 | Report Abuse

Any news yet.

Posted by zenpaw04 > 2023-08-24 16:34 | Report Abuse

Wait for news...

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-24 17:10 | Report Abuse

https://www.malaymail.com/news/malaysia/2023/08/24/pnb-umw-holdings-sime-darby-merger-in-line-with-govts-new-industrial-master-plan-2030/86988

Sime Darby merger with UMW

Posted by Rio2814 > 2023-08-24 17:18 | Report Abuse

Thank you so much guys .... already sold this morning. Cepat keluar.

Posted by mf > 2023-08-25 04:54 | Report Abuse

2023-08-24

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 137,500 shares on 21-Aug-2023.

Posted by jack2 > 2023-08-25 12:46 | Report Abuse

EPF can cash out at good price and pay higher dividend next year

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-25 12:49 | Report Abuse

$4.77

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-25 12:54 | Report Abuse

SIME is extending a Mandatory General Offer (MGO) for UMW shares at RM5.00 per piece, following its proposed acquisition of a 61.18% stake in UMW from Permodalan Nasional Berhad (PNB) and Amanahraya Trustees Berhad (ART) for RM3,574m or RM5.00 per share in cash. We recommend ACCEPT OFFER as we believe the MGO price is a good exit price for minority shareholders.

SIME takes over UMW. SIME (OP; TP: RM2.40) has proposed to acquire 61.18% stake of UMW from PNB and ART for RM3,574m or RM5.00 per share cash (8% premium to the last traded price of RM4.62). In accordance with the Malaysian Code on Take-overs and Mergers, SIME will undertake a mandatory general offer (MGO) for the remaining shares it does not own in UMW Holdings Berhad from minority shareholders at RM5.00 per share in cash as well, valuing the whole deal at RM5,841.5m. SIME does not intend to maintain the listing status of UMW. The proposed acquisition and MGO is expected to be completed by 4QCY23 and 1QCY24, respectively.

Acquisition PER of 13.2x and PBV of 1.2x.

Posted by LG1331 > 2023-08-25 15:22 | Report Abuse

So is it a wiser choice to hold or just sell it now?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-25 17:14 | Report Abuse

You can either sell now and reinvest into another stock.
Alternatively, you can wait for Sime Darby to take your share at RM 5.00 at a not too distant future date.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-25 17:15 | Report Abuse

Note that SIME does not intent to maintain the listing status of UMW.
UMW was just performing better the last 1 year or so, and alas, its taken over by another company.

Posted by hw0706 > 2023-08-26 06:13 | Report Abuse

The hurdle is the japanese. Do there agreed. Maybe alresdy discussed before announce the deal...

Posted by Syndicates > 2023-08-27 12:31 | Report Abuse

if japanese is an issue, it would have been happened long time ago. both UMW and SIME are owned by PNB, if their strategic partners don't like it, why their partnership exists at first place?

Posted by ChloeTai > 2023-08-28 06:20 | Report Abuse

The process of Sime Darby taking over UMW to be cimpleted by 4th quarter this year 2023. The process of MGO (Mandatory General Offer) to be completed by 1st quarter next year 2024. Still a long way to go.

Posted by hw0706 > 2023-08-28 11:42 | Report Abuse

4.66

Posted by hw0706 > 2023-08-28 12:16 | Report Abuse

DROP BELOW 4.00 IS THE BEST

Posted by hw0706 > 2023-08-28 17:21 | Report Abuse

IF the japanese do nto agree tan the deal maybe call off. so the risk is there...

Posted by ChloeTai > 2023-08-28 17:41 | Report Abuse

Japanese (Toyota) do not agree with the takeover? Then please go down to < 4.00. I will shift to Bplant.

Posted by ChloeTai > 2023-08-28 18:42 | Report Abuse

Sime Darby to Acquire UMW
Deal Will Cement Group's Position as Malaysia's Leading Automotive Player

Sime Darby Berhad (“Sime Darby”) today announced that it has entered into a conditional share purchase agreement (“SPA”) with Permodalan Nasional Berhad (“PNB”) to acquire PNB’s 61.2% stake in UMW Holdings Berhad (“UMW”), a well-established conglomerate with a diverse portfolio of businesses including automotive, equipment, aerospace and manufacturing & engineering (M&E) segments.

Under the terms of the agreement, Sime Darby will purchase PNB’s 61.2% stake for a total cash consideration of RM3.57 billion or RM5.00 per share. Once the agreement becomes unconditional, Sime Darby will be making a general offer for the remaining 38.8% stake that it does not hold with the aim of delisting UMW from Bursa Malaysia.
“This is a strategic move to further scale up and strengthen our presence in the Malaysian automotive sector, adding two highly performing brands into our Malaysian portfolio – Toyota and Perodua. The deal will cement Sime Darby’s position as Malaysia’s leading automotive player,” said Dato’ Jeffri Salim Davidson, Sime Darby Berhad’s Group Chief Executive Officer. "As a partner of choice to some of the most admired brands in the automotive sector, we are very excited to have the opportunity to work with Toyota, one of the world’s largest and most respected automakers.”

The acquisition is accretive to Sime Darby’s earnings per share and will enhance Sime Darby’s shareholders return.
Sime Darby expects the acquisition of PNB’s stake to be completed within 3 months from the date of SPA subject to regulatory and shareholders’ approvals and customary closing conditions.


For further information, please contact:

Kadir Danial Kadir Roslan
Kadir.Danial@edelmansmithfield.com
0192220296

Aishah Afandi
Aishah.Afandi@edelmansmithfield.com
0164466747

Posted by ChloeTai > 2023-08-28 19:24 | Report Abuse

@kokchengkai, nothing to worry one. Sime and UMW are established companies. Everything will run smoothly.
At this moment, Bplant is left with only 2 sen premium but UMW premium has widen to RM0.40. Need a lot of mental strength.

Posted by ChloeTai > 2023-08-29 15:54 | Report Abuse

From : calvintaneng

Normally, the final last trading day will eventually be near to offer price.

But those who did not sell will get payment as stated unless revised higher.

For Tmakmur:
MGO was Rm1.80,
but at the end, the price was raised to RM1.90.

For TheStore :
MGO was Rm3.52,
later MGO was revised up to RM3.70.

The final price for THESTORE was RM4.00.


Can the MGO for UMW be raised to above RM5.00? Hopefully...🙂

Posted by FinanceInRealLife > 2023-08-29 20:05 | Report Abuse

What is Perodua's worth?