SINGAPORE (May 14): UMW Holdings’ quest to control national carmaker Perusahaan Otomobil Kedua (Perodua) has developed into a complicated legal tussle among Med-­Bumikar Mara shareholders.

The clash between opposing factions within Med-Bumikar centres on control of its board, resulting in two concurrent legal actions, one each from both sides.

Control of the board is crucial as it would determine how Med-Bumikar proceeds with the UMW offer to acquire its 50.07% stake in MBM ­Resources (MBMR).

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