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.
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