Sime Darby gets shareholders' nod for UMW acquisition


KUALA LUMPUR: Sime Darby Bhd's shareholders have given their approval for the proposed acquisition of Permodalan Nasional Bhd's (PNB) 61.2% stake in UMW Holdings Bhd.

Subsequently, the group will launch a mandatory general offer (MGO) for the remaining UMW shares it did not already own.

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Sime Darby , UMW , acquisition , EGM , PNB

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