KUALA LUMPUR: Sime Darby Property Bhd
(SDPB) has opposed Perbadanan Kemajuan Negeri Perak’s (PKNP) move to privatise Perak Corporation Bhd, which involves a proposed selective capital reduction (SCR) and repayment exercise totalling RM183mil or RM3.90 per share.
Perak Corp said on Friday as at June 30, 2014, SDPB directly holds 6.125 million Perak Corp shares, or 6.13% stake or about 13% of the voting shares held by the entitled shareholders.
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