Sime on acquisition trail

Cash-rich Sime Darby Bhd is hot on the acquisition trail. It has made a bid for a controlling stake in Hyundai-Berjaya Corp Bhd (HBJ) and has also approached Jaya Holdings Ltd with an offer to take over the Singapore-listed oil and gas services company, sources said. 

Berjaya Group Bhd (BGroup) announced yesterday it had received an offer for its entire 40.3% interest in the shares and 47.7% interest in the warrants of HBJ.