In a filing with Bursa Malaysia yesterday, Sime Darby said SDE had on Feb 5 received a notice from the Dubai International Arbitration Centre (DIAC) that EMAS had submitted a request for arbitration against SDE which was filed on Jan 24, 2016. The amount that EMAS is seeking from the arbitration proceedings is AED41.04mil (about RM46.37mil).
PETALING JAYA: The focus will now be on conglomerate Sime Darby Bhd
’s demerger of its plantations and property assets.
Analysts said the company broadly met market expectations for its third quarter ended March 31 financial results that was released on Wednesday.
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