PETALING JAYA: Sime Darby Plantation Bhd’s (SDP) indirect wholly owned subsidiaries in Indonesia – PT Ladangrumpun Suburabadi and PT Teguh Sempurna – disposed of their respective 99.9993% and 0.0007% equity interest in PT Mitra Austral Sejahtera (PT MAS) to PT Inti Nusa Sejahtera for US$29.7mil.
Following the disposal, PT MAS has ceased to be an indirect subsidiary of SDP, the company said in a filing with Bursa Malaysia.
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