Malaysia’s Sime Darby Bhd, through wholly-owned subsidiary Sime Darby Eastern Ltd, has entered into an agreement to acquire a 29.9% stake in Singapore-listed Jaya Holdings Ltd for S$1 per ordinary share amounting to S$223 million cash. (US$1=S$1.7). According to the Star newspaper, the stake, to be acquired from five shareholders of Jaya, will position Sime…
SINGAPORE: Malaysia’s Sime Darby pays S$223 million for stake in Jaya Holdings
Posted on September 14, 2004 by EnergyAsia