Bloomberg News

Sime Says No Need to Make General Offer for Eastern and Oriental

October 10, 2011

Oct. 11 (Bloomberg) -- Sime Darby Bhd. is not obliged to make a mandatory general offer for Eastern and Oriental Bhd., the company said, following a review by the Securities Commission.

Sime, which bought a 30 percent stake in Eastern and Oriental, wasn’t acting in concert with Terry Tham Ka Hon, and as such a general offer obligation would not arise, according to the securities regulator’s findings, Sime said in a statement today.

Link to Statement:{NSN LSVS2C3TT9TS <GO>}

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net


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