KUALA LUMPUR (Dec 16): UMW HOLDINGS BHD [] shares fell on Friday after the company confirmed that it had not submitted any bid to Khazanah Nasional Bhd to acquire its 42.7% stake in PROTON HOLDINGS BHD [].
At 9.20am, UMW fell 32 sen to RM6.52 with 24,800 shares done.
“UMW also confirms that it is not in any form of discussion with any parties in this regard,” it had said on Thursday.
It said in a statement to BURSA MALAYSIA BHD [] that it had no knowledge of a news report on Thursday about it making a presentation to Khazanah about the Proton stake.
The news report stated that UMW, which is majority-controlled by the government’s Permodalan Nasional Bhd and the Employees Provident Fund, was also the single largest shareholder of Perusahaan Otomobil Kedua Sdn Bhd, the manufacturer of Malaysia’s second national car.
At 9.20am, UMW fell 32 sen to RM6.52 with 24,800 shares done.
“UMW also confirms that it is not in any form of discussion with any parties in this regard,” it had said on Thursday.
It said in a statement to BURSA MALAYSIA BHD [] that it had no knowledge of a news report on Thursday about it making a presentation to Khazanah about the Proton stake.
The news report stated that UMW, which is majority-controlled by the government’s Permodalan Nasional Bhd and the Employees Provident Fund, was also the single largest shareholder of Perusahaan Otomobil Kedua Sdn Bhd, the manufacturer of Malaysia’s second national car.
