Sime Darby logo seen at the conglomerate's headquarters in Kuala Lumpur. (Pic taken by Hafidz Mahpar for Star Online)
KUALA LUMPUR: Sime Darby Plantation Bhd
(SD Plantation) and Sime Darby Property Bhd (SD Property), which will be listed on Nov 30, have been given listing reference prices of RM5.59 and RM1.50 respectively.
On behalf of Sime Darby Bhd, Maybank Investment Bank Bhd said the adjusted price of Sime Darby shares when they resumed trading at 9am on the same day would be RM1.85.
The listing reference and adjusted prices were determined based on the allocation range as set out in the circular to shareholders of Sime Darby dated Nov 4 and the closing price of Sime Darby shares on Nov 24 (Friday).
Sime Darby shares ended trading at RM8.94 on Friday, up one sen, with 36.64 million shares changing hands.
The percentage allocation for SD Plantation was fixed at 62.5% of the closing price, while SD Property’s at 16.8%.
Sime Darby Bhd, which is paying a final dividend of 17 sen next month, is pursuing a pure-play strategy by listing its plantation and property businesses.
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