Sime shortens acceptance period for NBPOL acquisition

KUALA LUMPUR: Sime Darby Plantation Sdn Bhd, a subsidiary of Sime Darby Bhd has shorten the acceptance period for its acquisition of New Britain Palm Oil Ltd (NBPOL).

In a filing with Bursa Malaysia, Sime Darby said the Securities Commission of Papua New Guinea (PNG) had, on Feb 6, consented to the variation of the offer terms by shortening the offer period.

The offer will now close on Feb 23 instead of March 20 2015.

It said Sime Darby Plantation is of the view that the extension of the offer period secured through the second notice of variation issued on Jan 6 is no longer necessary.

Accordingly, the offer period has now been shortened from 149 days to 124 days ending on Feb 23.

The offer will remain open for acceptances until 5 pm (PNG time) on Feb 23, if acceptances are received within PNG, or 1pm (UK time) on Feb 23, if acceptances are received within the UK.

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Business , Kulim , Sime Darby , oil palm , palm oil , stoocks , shares ,


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