BY P. ARUNA

Sime Darby president and group chief executive, Tan Sri Mohd Bakke Salleh said the group’s year-to-date results for FY2017 have largely been supported by higher crude palm oil (CPO) prices.

Sime Darby president and group chief executive Tan Sri Mohd Bakke Salleh.

KUALA LUMPUR: The listing of Sime Darby’s plantation and property businesses are expected to take place by December, with the group set to submit the prospectus during the third quarter the year.

“We hope to complete the exercise before the year-end break,” said president and group chief executive Tan Sri Mohd Bakke Salleh during a media briefing on Wednesday.

The group had announced its plans to create three standalone entities on Feb 27, 2017 by spinning off its plantation and property businesses into two new listed companies, leaving it with the trading and logistics businesses.

Mohd Bakke said they had also completed the restructuring of the group’s US$800mil multi-currency sukuk on May 23, 2017, in preparation for the listed pure-play entities.



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