The Malaysia Automotive Robotics and IoT Institute (MARii) and the Indonesia Automotive Institute (IOI) inked a memorandum of understanding (MoU) on collaborating to advance the automotive industry of both countries.
Sime Darby Bhd is acquiring a 61.2% stake in UMW Holdings Bhd from Permodalan Nasional Bhd for RM3.57 billion in cash to further scale up and strengthen its presence in the Malaysian automotive sector.
Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil