Sime Darby aborts deal to buy Kulim’s shares in NBOL


KUALA LUMPUR: Sime Darby Bhd is not going ahead to buy Kulim (Malaysia) Bhd's equity interest in New Britain Palm Oil Ltd (NBOL).

Sime Darby said on Tuesday the exclusivity period under the agreement, where it was the preferred bidder, had expired on Sunday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

HEB Group secures key contracts across multiple regions
Minimal direct impact on SP Setia's ops from fuel subsidy rationalisation
SIDC boosts capital market, addresses demand for sustainable investments
RAM Ratings: Banks' profitability steady in 1Q24, limited upside ahead
Malaysia can achieve double-digit growth in rubber gloves export in 2024
Malaysia's property market to be stable in 2024 with sustained growth over next 3 years - Nga
PM Anwar wants digital banks to boost e-payment transactions
Billionaire Richard Li's FWD Group revives Hong Kong IPO plan, sources say
Boost Bank launches embedded digital bank app
FBM KLCI, regional indices push higher on rate cut hopes

Others Also Read