{"id":58083,"date":"2023-08-25T15:27:08","date_gmt":"2023-08-25T07:27:08","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=58083"},"modified":"2023-08-25T15:27:08","modified_gmt":"2023-08-25T07:27:08","slug":"simedarby-acquires-umw","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw","title":{"rendered":"Sime Darby Acquires UMW"},"content":{"rendered":"

Sime Darby has announced that they have entered a conditional sale and purchase agreement (SPA) with Permodalan Nasional Berhad (PNB) to acquire PNB\u2019s 61.2% stake in UMW Holdings Berhad.<\/span><\/p>\n

Under the terms of the agreement, Sime Darby will be buying PNB\u2019s stake in UMW for a total of RM3.57 billion or RM5.00 per share.<\/span><\/p>\n

Once the agreement is finalised, 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.<\/span><\/p>\n

According to Dato\u2019 Jeffri Salim Davidson, Sime Darby Berhad\u2019s Group Chief Executive Officer, this is a strategic move to strengthen Sime Darby\u2019s position in the automotive industry.<\/span><\/p>\n

\u201cThis 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 \u2013 Toyota and Perodua. The deal will cement Sime Darby\u2019s position as Malaysia\u2019s leading automotive player.<\/span><\/p>\n

“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\u2019s largest and most respected automakers,\u201d said Dato\u2019 Jeffri in the press statement.<\/span><\/p>\n

UMW is a massive giant in the Malaysian automotive industry, as they assemble, market and distribute a series of Malaysia’s most popular vehicles. They are also the sole distributor of both Toyota and Lexus in Malaysia.<\/span><\/p>\n

Some automotive luminaries such as Paul Tan, the owner of Paul Tan has called the acquisition as the \u2018birth of a new motoring giant\u2019<\/a>, as Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover, Volvo, will all be distributed by Sime Darby when the acquisition goes through.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Combined, the vehicles brands will include big names like Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover and Volvo.<\/p>\n","protected":false},"author":51,"featured_media":58087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,256,216],"tags":[1334,1107,513,1333],"class_list":["post-58083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lifestyle","category-news-updates","tag-automotive","tag-malaysia","tag-sime-darby","tag-umw"],"acf":[],"yoast_head":"\nSime Darby Announces Acquisition Of UMW<\/title>\n<meta name=\"description\" content=\"Combined, the vehicles brands will include big names like Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover and Volvo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sime Darby Announces Acquisition Of UMW\" \/>\n<meta property=\"og:description\" content=\"Combined, the vehicles brands will include big names like Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover and Volvo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-25T07:27:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Haziq Alfian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Haziq Alfian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw\",\"url\":\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw\",\"name\":\"Sime Darby Announces Acquisition Of UMW\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg\",\"datePublished\":\"2023-08-25T07:27:08+00:00\",\"dateModified\":\"2023-08-25T07:27:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a\"},\"description\":\"Combined, the vehicles brands will include big names like Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover and Volvo.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#primaryimage\",\"url\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg\",\"contentUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg\",\"width\":1200,\"height\":628,\"caption\":\"Toyota car\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Sime Darby Acquires UMW\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a\",\"name\":\"Haziq Alfian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g\",\"caption\":\"Haziq Alfian\"},\"description\":\"A reader turned writer, Haziq Alfian navigates personal finance, sports, and politics with a practical touch. From money matters to the playing field and political landscapes, Haziq aims at providing you with a grounded, unbiased, and simple look at the daily happenings of the world.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/haziq-alfian\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sime Darby Announces Acquisition Of UMW","description":"Combined, the vehicles brands will include big names like Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover and Volvo.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw","og_locale":"en_US","og_type":"article","og_title":"Sime Darby Announces Acquisition Of UMW","og_description":"Combined, the vehicles brands will include big names like Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover and Volvo.","og_url":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw","og_site_name":"iMoney Malaysia","article_published_time":"2023-08-25T07:27:08+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg","type":"image\/jpeg"}],"author":"Haziq Alfian","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Haziq Alfian","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw","url":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw","name":"Sime Darby Announces Acquisition Of UMW","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg","datePublished":"2023-08-25T07:27:08+00:00","dateModified":"2023-08-25T07:27:08+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a"},"description":"Combined, the vehicles brands will include big names like Toyota, Perodua, Lexus, BMW, MINI, Ford, Hyundai, Jaguar Land Rover and Volvo.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#primaryimage","url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg","contentUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/08\/25152505\/Sime-Darby-UMV.jpg","width":1200,"height":628,"caption":"Toyota car"},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/simedarby-acquires-umw#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"Sime Darby Acquires UMW"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a","name":"Haziq Alfian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4165e8554ae5d986f5bed18bcaa78ba3?s=96&d=mm&r=g","caption":"Haziq Alfian"},"description":"A reader turned writer, Haziq Alfian navigates personal finance, sports, and politics with a practical touch. From money matters to the playing field and political landscapes, Haziq aims at providing you with a grounded, unbiased, and simple look at the daily happenings of the world.","url":"https:\/\/www.imoney.my\/articles\/author\/haziq-alfian"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/58083"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=58083"}],"version-history":[{"count":3,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/58083\/revisions"}],"predecessor-version":[{"id":58088,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/58083\/revisions\/58088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/58087"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=58083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=58083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=58083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}