In a filing with Bursa Malaysia yesterday, Sime Darby said SDE had on Feb 5 received a notice from the Dubai International Arbitration Centre (DIAC) that EMAS had submitted a request for arbitration against SDE which was filed on Jan 24, 2016. The amount that EMAS is seeking from the arbitration proceedings is AED41.04mil (about RM46.37mil).
Company nets RM2.35b from placement but stumbles in Saizen deal
PETALING JAYA: Conglomerate Sime Darby Bhd
successfully placed out new shares yesterday that were priced at the top end of the offer price range of between RM7.40 and RM7.45 per share.
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