Sime’s sukuk plan gets okay, crucial step to carve 3 listed companies


Malaysian Sime Darby, Japan's Mitsubishi Corporation, Tokyu Land and Hong Kong Land have also signed deals in Jakarta and surrounding areas.

PETALING JAYA: Sime Darby Bhd has received approval from its bondholders to restructure US$800mil (RM3.46bil) worth of sukuk, which is a crucial step in its plan to carve out three independent listed companies.

Holders of the sukuk, of which US$400mil will mature in 2018 with an equal amount maturing in 2023, approved the company’s plan to buy back the papers or replace the obligor or borrower to Sime Darby Plantation Sdn Bhd from Sime Darby currently.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Sime Darby , sukuk , listed , companies , stocks , shares , Bakke , Salleh ,

Next In Business News

HDC secures RM345.2mil potential sales at JFEX Summer Show 2025 in Tokyo
Trump eyes tariff rate of 10% or 15% for more than 150 countries
NationGate clarifies MACC probe limited to non-major subsidiary
EPF ceases to be substantial shareholder in SunCon
Ancom Nylex reports lower 4Q profit
Sunway secures RM2.33bil Singapore land tender for residential development
Saliran appoints CFO Yong Wai Kin as executive director
Ringgit slips further vs greenback on continued uncertainty about US tariffs
NexG gets Home Ministry contract extension for passport chip supply
Eastin Hotel to become Petaling Jaya Marriott by 2026

Others Also Read