SIME DARBY - 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.
Sime Darby Berhad published this content on 14 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 November 2016 06:47:05 UTC.
Original documenthttp://www.simedarby.com/media/press-release/statement-on-the-edge-report
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