PNB Seeks Value Creation From Sime UMW Acquisition
P. Gunasegaram, Independent business writer and Analyst
29-Aug-23 07:45
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Corporate Malaysia has witnessed some interesting M&As amongst the GLICs and GLCs. There was Kuala Lumpur Kepong’s purchase of Boustead Plantations from Lembaga Tabung Angkatan Tentera for 1.15 billion ringgit. Then, Sime Darby Bhd announced it was buying UMW Holdings from its parent company Permodalan Nasional Berhad for 3.57 billion ringgit. We speak with P. Gunasegaram, independent business writer and analyst, to get a sense of these deals.
Image Credit: Shutterstock
Produced by: Mark Tan
Presented by: Shazana Mokhtar, Philip See, Mark Tan
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Categories: economy, markets, Corporates, managing
Tags: sime darby, umw holdings, m&a, pnb,