PETALING JAYA: The move by one of Malaysias largest property developer Sime Darby Bhd to create three stand-alone businesses will help the group unlock the value through better appreciation of its individual business units.
The conglomerate has announced that it plans to spin off its plantations and property businesses in separate listings on Bursa Malaysia, while the trading and logistic businesses would remain under Sime Darby, which would retain its listed status.
The exercise could help the group unlock value via the better appreciation of its individual business units as pure plays and the removal of the discount attached to its conglomerate structure, CIMB research said in a note yesterday.
RHB Research analysts added that alt…
Read the full article at: http://www.thestar.com.my/business/business-news/2017/01/28/sime-seen-unlocking-value-via-restructuring-plan/