Sime Darby Bhd
's wholly-owned subsidiary Sime Energy Holdings Pte Ltd has bought 50% equity interest in Island Power Holdings Pte Ltd (IPH) from IG Island Power B.V. as part of the conglomerate's efforts to expand its power business portfolio in the region.
A Sime Darby statement said yesterday the acquisition was completed on Thursday and that the 50% equity was transferred by Sime Energy to another subsidiary Sime Power Pte Ltd.
