UMW Equipment sells 26% stake in UMW Toyota Material Handling to Toyota Industries

UMW Equipment Division Sdn. Bhd. entered into a share sale and purchase agreement with Toyota Industries Corporation to sell a 26% interest in UMW Toyota Material Handling Sdn. Bhd. for RM260 million, deepening their strategic collaboration in industrial equipment.

“UEDSB agreed to dispose of 26% interest in UTMH to TICO at an agreed purchase consideration of RM260 million.”simeumw.com

• 1 source
• simeumw.comUMW Equipment Enters Into a Partnership Agreement With Toyota Industries Corporation To Expand Its Industrial Equipment Business - Sime UMWbikebearOct 6, 2023

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