<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 27): Sime Darby Bhd rose 4.88% in early trade this morning after the group said it is planning to create three pure play standalone businesses, namely for plantation, property and trading &amp; logistics sectors, with the conglomerate eyeing listings for its Sime Darby Plantation Bhd and Sime Darby Property Bhd.</p></div>

<div class=newsTextDataWrapInner><p>At 9.08am, Sime Darby rose 43 sen to R&lt;9.25 with 790,300 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>The group said the plan would enable each business segment to pursue their objectives with greater focus and agility to maximise value for all shareholders.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It said it will be evaluating the implementation measures and indicative timelines, adding that the company will make the appropriate disclosures upon receiving the final approval of the board.</p></div>

<div class=newsTextDataWrapInner><p>“Today, nine years after the merger and several strategic corporate exercises to position our businesses, we are ready to execute the original intention of our shareholders. Each Division is now stronger, strategically structured and better equipped to stand alone and be listed as pure plays,” said Sime Darby president &amp; group chief executive Tan Sri Mohd Bakke Salleh yesterday.</p></div>


KUALA LUMPUR (Jan 27): Sime Darby Bhd rose 4.88% in early trade this morning after the group said it is planning to create three pure play standalone businesses, namely for plantation, property and trading & logistics sectors, with the conglomerate eyeing listings for its Sime Darby Plantatio...

Sime Darby rises 4.88% on plan to create 3 standalone businesses

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<p>PKR president Datuk Seri Anwar Ibrahim on Sunday confirmed that preliminary discussions have taken place within the party regarding rumours of Tengku Datuk Seri Zafrul Abdul Aziz joining PKR.</p>


<p>The founder and owner of fashion empire Mango, Isak Andic, died on Saturday in a mountain accident, police said. He was 71.</p>


<p>The Works Ministry (KKR) is projecting spending in the construction sector of RM200 billion, covering the government sector, government-linked companies (GLCs), government-linked investment companies (GLICs) and the private sector, next year.</p>


<p>China's CNOOC Ltd has sold its US subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday.</p>


<p>Thai Prime Minister Paetongtarn Shinawatra will make her first official visit to Malaysia on Monday to attend the 7th Malaysia-Thailand Annual Consultation to explore potential areas for further collaboration.</p>


<p>Five of the so-called “Bali Nine” prisoners were returned to Australia, more than 19 years after their arrests in a drug smuggling case that periodically damaged ties with Indonesia.</p>


<p>The US Treasury has informed Japan's Nippon Steel that the panel reviewing its proposed US$14.9 billion (RM66.3 billion) purchase of US Steel has not yet come to an agreement on how to address security concerns, the <i>Financial Times</i> reported on Sunday.</p>


<p>The UK has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to a release on Sunday from the country’s Department for Business and Trade.</p>
