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.
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