THE delisting of DMIB Bhd and the transfer of its listing status to Sime Engineering Services Bhd (SES) will be completed by end August, according to DMIB's independent non-executive director Tan Sri Mohd Ramli Kushairi.
The privatisation of DMIB was part of the proposed reorganisation scheme involving a change in the company's core business from the manufacturing of tyres and tyre-related products to a new business with growth potential and thereby generating better return to its shareholders, he said.
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