Sime Darby unit completes UMW stake buy, makes mandatory takeover offer

KUALA LUMPUR: Sime Darby Bhd’s indirect wholly owned subsidiary Sime Darby Enterprise Sdn Bhd has completed its acquisition of a 61.18 per cent stake in UMW Holdings Bhd for RM3.57 billion.

Following the completion of the acquisition, Sime Darby Enterprise’s shareholding in UMW has increased from nil to 714,813,100 UMW shares.