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.
This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source
Several top athletes aim for salaries that could outpace even the highest-earning footballers, raising questions about the sustainability of funding within Malaysian sports
