Sime Darby Property seeks shareholder approval for RM 418.5 million Johor land acquisition

Bitget2026/10/19 01:20

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Sime Darby Property seeks shareholder approval on November 3, 2026, to acquire Johor land from SD Guthrie for RM 418.51 million cash.
The proposed purchase covers 556.96 acres of freehold land in Kulai for a residential and commercial township.
Completion is expected in the second quarter of 2027, subject to approvals.
Non-interested directors recommend voting in favor; interested major shareholder ART-ASB and its connected persons will abstain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sime Darby Property Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3715941) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sime Darby Property seeks shareholder approval for RM 418.5 million Johor land acquisition

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