KUALA LUMPUR: Sime Darby Bhd has told Bursa Malaysia that it is extending the offer period for the takeover of New Britain Palm Oil Ltd (NBPOL) from December 18 to January 20 next year. Sime Darby said it had secured 58.7 per cent of NBPOLs voting shares as of December 3, following Kulim (Malaysia) Bhds shareholders approval on the stake sale during the companys extraordinary general meeting. It said with this, one of the conditions precedent of the offer being the minimum acceptance condition of the offer of not less than 51 per cent voting rights in NBPOL received by Sime Darby Plantation Sdn Bhd has now been satisfied.
To continue reading the rest of the article, click here