Sime’s demerger will not involve issuance of new shares

Demerger move: Bakke is confident that the creation of three pure play firms will achieve the group’s target to maximise value for shareholders.

KUALA LUMPUR: Shareholders of Sime Darby Bhd will get shares in all three companies following the demerger exercise.

Unveiling details of its proposed demerger, the company said the exercise would not involve the issuance of new shares, but instead a distribution of shares through a dividend-in-specie scheme.