Sime Darby's takeover of UMW now unconditional

KUALA LUMPUR: Sime Darby Bhd’s takeover bid for the remaining shares it does not own in UMW Holdings Bhd at RM5 per share is now unconditional, as Sime Darby already holds more than 50 per cent of voting shares.

On Dec 13, Sime Darby completed an acquisition of a 61.2 per cent stake in UMW, making Sime Darby the new major shareholder of UMW.