Sime seen unlocking value via restructuring plan

PETALING JAYA: The move by one of Malaysia’s largest property developer Sime Darby Bhd to create three stand-alone businesses will help the group unlock the value through better appreciation of its individual business units.

The conglomerate has announced that it plans to spin off its plantations and property businesses in separate listings on Bursa Malaysia, while the trading and logistic businesses would remain under Sime Darby, which would retain its listed status.