Friday 29 Mar 2024
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KUALA LUMPUR (Nov 29): Shares in Sime Darby Bhd will resume trading tomorrow after having been suspended since Monday morning.

"Accordingly, trading in all structured warrants relating to Sime Darby will also resume at the same time," the group said in a filing with Bursa Malaysia today.

The group announced the suspension on its shares on Nov 21, three days before it announced the listing reference prices for its demerged plantation and property businesses, i.e. RM5.59 for Sime Darby Plantation (SD Plantation) and RM1.50 for Sime Darby Property (SD Property).

The prices were based on the allocation range of 60% to 68% for SD Plantation and a range of 16% to 19% for SD Property, as set out in the circular to shareholders of Sime Darby dated Nov 4, and the closing price of Sime Darby shares of RM8.94 on Nov 24.

Yesterday, Sime Darby announced it had completed its acquisition of a 90% stake in PT Tamiyang Sumber Rezeki (PT TSR) for 77.5 billion rupiah (about RM23.6 billion) via its wholly-owned subsidiary Mulligan International.

The acquisition of PT TSR, which has the approval to undertake agriculture work on 20,000ha in Central Kalimantan, Indonesia, is part of Sime Darby's strategy to expand its agriculture land.

 

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