Kuala Lumpur, 13 March 2017 – We refer to The Edge report titled "Sime Darby Motors-UMW Holdings merger on the table" published on 11 March 2017. This report is incorrect. It is untrue that a merger of the automotive businesses of the two companies is on the cards.
Sime Darby Berhad has announced its plans to create three independent listed companies on Bursa Malaysia and this is our main focus currently.
Sime Darby Motors is the second largest BMW dealer in the world and a major player in the automotive industry in the Asia Pacific region. Corporate exercises undertaken by Sime Darby Motors take into account the best interest of all our stakeholders, including shareholders and principals.
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 RM54.93 billion (USD 12.34 billion) as at 10 March 2017.
For further information, please contact:
Sime Darby Berhad
Tel: +(603) 2711 0923
Mobile: +(6019) 333 8320