BUSINESS 24/08/2023 07:30 PM KUALA LUMPUR, Aug 24 (Bernama) -- Sime Darby Bhd has announced plans to divest its hospital business and its 3,237.46 hectares in Labu, Negeri Sembilan, group chief executive officer Datuk Jeffri Salim Davidson said. This, he said, is aimed at reducing the conglomerate's borrowings, following its 61.2 per cent stake acquisition in UMW Holdings Bhd from Permodalan Nasional Bhd (PNB) for RM3.57 billion. The exercise, one of the largest merger and acquisition deals in Malaysia, will strategically transform Sime Darby into a leading automotive player in the country with the addition of Toyota and Perodua, capturing up to 60 per cent of domestic automotive total industry volume.

https://www.bernama.com/en/business/news.php?id=2219354

#bernama