Statement on The Edge Report
Statement on The Edge Report
14 November 2016
Kuala Lumpur, 14 November 2016 – We refer to The Edge report dated 14 Nov 2016 titled “Breaking up Sime Darby”. As has been reported in the past, Sime Darby has been exploring various options to improve shareholder value.
Over the last several years, the Group has streamlined its operations, divesting non-strategic and non-core businesses, while acquiring new businesses to strategically position the Group for future growth and to secure longer term resilience. We have begun unlocking value through asset monetisation exercises and ensured that our balance sheet remains strong with several successful deleveraging measures that have been implemented such as issuance of the perpetual sukuk and share placement.
The Group has also explored potential listings of its assets. The execution of these initiatives are being considered and we are taking into account market conditions and valuations, with the objective of delivering optimal value to the shareholders.
About Sime Darby
Sime Darby is a Malaysia-based diversified multinational involved in key growth sectors, namely, plantation, industrial equipment, motors, property and logistics. Founded in 1910, its business divisions seek to create positive benefits in the economy, environment and society where it has a presence.
With a workforce of over 120,000 employees in 25 countries and 4 territories, Sime Darby is committed to building a sustainable future for all its stakeholders. It is one of the largest companies on Bursa Malaysia with a market capitalisation of RM49.27 billion (USD 11.37 billion) as at 11 November 2016.
For further information, please contact:
Ahmad Shahriman Johari
Head, External Communications
Sime Darby Berhad
Tel: +(603) 2711 0923
Mobile: +(6019) 333 8320
Email: shahriman.johari@simedarby.com