KUALA LUMPUR: Sime Darby Bhd has decided not to proceed with the proposed acquisition of Kulim (Malaysia) Bhd’s equity interest in New Britain Palm Oil Ltd (NBPOL).
In a filing to Bursa Malaysia yesterday, Sime Darby said the exclusivity period under the agreement had expired on Sept 28.
In July, Sime Darby was selected as the preferred bidder for the sale of all of Kulim’s shares in NBPOL. — Bernama