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Malaysia

Malaysia-based Sime Darby announces completion of SDESB’s acquisition of 61.18% stake in UMW Holdings

Dec 15, 2023

Announced on December 13, 2023, Sime Darby has completed the acquisition of Permodalan Nasional (PNB)’s 61.18% stake in UMW Holdings. Through its indirect wholly-owned subsidiary Sime Darby Enterprise (SDESB), UMW has become an indirect subsidiary of Sime Darby.
Sime Darby has also issued a mandatory general offer t....

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