SIME DARBY ENTERPRISE SDN BHD made an offer to acquire 38.82% stake in UMW Holdings Berhad (KLSE:UMW) for MYR2.3 billion on December 6, 2023. The Board had also appointed Maybank Investment Bank Berhad acted as Financial advisor and Kadir, Andri & Partners acted as legal advisor to UMW in relation to the Offer. Kenanga Investment Bank Berhad and CIMB INVESTMENT BANK BERHAD acted as Financial advisors to SIME DARBY ENTERPRISE SDN BHD.

SIME DARBY ENTERPRISE SDN BHD completed the acquisition of 38.82% stake in UMW Holdings Berhad (KLSE:UMW) on March 21, 2024.