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This article first appeared in The Edge Financial Daily on April 30, 2018

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) president and chief executive officer (CEO) Datuk Dr Aminar Rashid Salleh said he hopes that the talks between UMW Holdings Bhd and MBM Resources Bhd (MBMR) will not have any negative impact on the partnership between Perodua and its technological partner Daihatsu Motor Co Ltd.

He was commenting on The Edge Financial Daily’s report entitled “Concerns on Perodua’s technology partner unfounded, says CEO” that was published last Friday.

The report quoted Aminar as saying that “there should not be any concerns on Daihatsu. I’m sure the shareholders can sort the issues out among themselves. For us at Perodua, it is still business as usual and whatever the shareholders decide, we will respect their decision”.

In a statement yesterday, Aminar clarified what he meant by those comments — that he hopes that the talks between UMW and MBMR will not have any negative impact on the partnership between Perodua and Daihatsu.

“The headline also implied that I have spoken on behalf of Daihatsu Motor Co Ltd of Japan on the matter, which was not the case. Perodua will not, and has never spoken, on behalf of any of our shareholders,” he said.

Last Friday, UMW extended its offer to buy a 50.07% stake in MBMR for another six months to Oct 31 from today, ahead of a crucial shareholders’ vote to decide on the offer today.

UMW is offering RM2.56 per share to Med-Bumikar Mara Sdn Bhd for the latter’s 50.07% stake in MBMR. If Med-Bumikar accepts, UMW intends to undertake a mandatory general offer and take MBMR private.

The Edge weekly previously reported that Daihatsu, Perodua’s 30% shareholder and long-standing technological partner, is unhappy over how the takeover was conducted.

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