KUALA LUMPUR (Jan 11): UMW HOLDINGS BHD [] has no plans to acquire Khazanah Nasional's 42.7% stake in PROTON HOLDINGS BHD [] and prefers to focus on its current commitments.
UMW group chairman Tan Sri Asmat Kamaludin said on Wednesday UMW's focus was on its partnership with Toyota and Perodua.
"I think we've already cleared that UMW is not making any bids. We at UMW are committed to our partner Toyota in enhancing its business here in Malaysia and making Perodua self-reliant pre- and post-NAP (National Automotive Policy).
"We've never made any bids. The reports say that shareholders of UMW have made the bid. I don't know about that. May be you have to ask them," he told reporters after the media launch of new Toyota Avanza here.
Asmat said as far as UMW was concerned, the Proton issue had not been discussed at board level.
"And as far as I know we have no plans to make a bid. We have not even considered it," he said. - Bernama
UMW group chairman Tan Sri Asmat Kamaludin said on Wednesday UMW's focus was on its partnership with Toyota and Perodua.
"I think we've already cleared that UMW is not making any bids. We at UMW are committed to our partner Toyota in enhancing its business here in Malaysia and making Perodua self-reliant pre- and post-NAP (National Automotive Policy).
"We've never made any bids. The reports say that shareholders of UMW have made the bid. I don't know about that. May be you have to ask them," he told reporters after the media launch of new Toyota Avanza here.
Asmat said as far as UMW was concerned, the Proton issue had not been discussed at board level.
"And as far as I know we have no plans to make a bid. We have not even considered it," he said. - Bernama
