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Investors expect reward from Tesco stake sale for shareholders
KUALA LUMPUR: Shares of Sime Darby Bhd rose to a high of RM2.01 in late Thursday afternoon trade on investor hopes the sale of Tesco Malaysia stake could be distributed as dividends.
KUALA LUMPUR: JF Apex Research expects Sime Darby Bhd, YTL Corp Bhd, HeiTech Padu Bhd, Ageson Bhd, Minetech Resources and CSC Steel Holdings Bhd to be among the stocks to watch on Thursday.
PETALING JAYA: Sime Darby Bhd will be exiting its hypermarket business by the second half of 2020 (2H20), following the disposal of its 30% stake in Tesco Stores (M) Sdn Bhd (Tesco Malaysia) for RM300mil.
KUALA LUMPUR: Sime Darby Bhd is selling its 30% stake in Tesco Stores (Malaysia) Sdn Bhd to Thailand's C.P. Retail Development Company Ltd for RM300mil.
PETALING JAYA: There seems to be no end to the onslaught on Bursa Malaysia as the benchmark stock index fell for the sixth consecutive trading day as investors liquidated their shares for cash on day two of Malaysia’s movement control order (MCO) amidst fears of the coronavirus disease (Covid-19).
KUALA LUMPUR: Sime Darby Bhd has announced that its group CEO Datuk Jeffri Salim Davidson is currently quarantined after testing positive for Covid-19.