PETALING JAYA: Sime Darby Bhd
is acquiring a 99.99% stake in Thailand-based Industrial Enterprises Co Ltd (IEC) for RM80.40mil, as part of its expansion plan to fast-track its presence into the greater Mekong sub-region.
Sime Darby told Bursa Malaysia yesterday that its wholly-owned subsidiaries Sime-Morakot Holdings (Thailand) Ltd and Sime Darby Plantation Europe Ltd had entered into a conditional sale and purchase agreement with Sub Sri Thai Public Co Ltd to acquire IEC.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
