Sime Darby extends closing date for UMW’s takeover offer to Jan 31

KUALA LUMPUR: Sime Darby Bhd has extended the closing date for the acceptance of its takeover offer for UMW Holdings Bhd at RM5 a piece to Jan 31, 2024 from Jan 17.

CIMB Investment Bank Bhd, on behalf of Sime Darby, said it has already accumulated 94.15% of UMW’s total issued shares on Friday.

“The extended closing date is to allow more time for the holders to accept the offer,” it said.