KUALA LUMPUR: Shareholders of Sime Darby Bhd will get shares in all three companies following the demerger exercise. Unveiling details of its proposed demerger, the company said the exercise would not involve the issuance of new shares, but instead a distribution of shares through a dividend-in-specie scheme. Late last year, Sime stated that the conglomerate would be carved up into three parts – Sime Darby Plantations Sdn Bhd, Sime Darby Property Bhd and Sime Darby Bhd, which would retain the group’s industrial, motor and logistics businesses. The corporate exercise would also involve the redistribution of shares in the newly-listed entities for Sime’s existing shareholders. “There may well come a day when the board decides to create another pure play company in Sime Darby Motors.

Source: The Star February 27, 2017 21:56 UTC