(Updated)

Sime Darby Plantation says foreign shareholding rose for two consecutive months

Sime Darby Plantation says foreign shareholding rose for two consecutive months
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KUALA LUMPUR (May 18): Sime Darby Plantation Bhd’s foreign shareholding rose for the second consecutive month to 9.34% in April 2021 from 9.32% in the preceding month, according to the latest updates on the oil palm planter’s website.

Sime Darby Plantation, which has 6.88 billion issued shares, said that for March 2021, foreign shareholding increased to 9.32% from 9.3% in February 2021.  

A closer look at Sime Darby Plantation’s presentation slides shows that the company’s foreign shareholding had risen for two consecutive months in April 2021 for the first time since the group’s foreign shareholding fell to below 10% in May 2020.

Sime Darby Plantation’s major shareholders include Permodalan Nasional Bhd and the Employees Provident Fund, which owned stakes of about 56.41% and 16.79% respectively in Sime Darby Plantation as at April 28, 2021, according to the plantation group.

At 11:43am today, Sime Darby Plantation shares were traded down eight sen or 1.78% at RM4.42 for a market capitalisation of about RM30.41 billion.

Over the last one year, Sime Darby Plantation's share price had fallen to current levels from RM4.70 on May 18, 2020.

Chong Jin Hun