Sime Darby completes UMW Holdings acquisition

Sime Darby Bhd group chief executive officer Datuk Jeffri Salim Davidson

KUALA LUMPUR: Sime Darby Bhd has completed its acquisition of UMW Holdings Bhd, achieving full ownership and making UMW a wholly-owned subsidiary.

"This milestone is a clear indication of the market's trust in our strategic direction and the value we are poised to create with UMW in our fold. Our foremost priority now is to complete the integration of UMW into the wider Sime Darby ecosystem.