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.