Bloomberg News

Sime Rises After Saying No Need to Make Eastern and Oriental Bid

October 11, 2011

Oct. 11 (Bloomberg) -- Sime Darby Bhd. rose to its highest level in almost a month in Kuala Lumpur trading after saying it’s not required to make a general offer for the rest of Eastern and Oriental Bhd.

The stock gained 3 percent to 8.65 ringgit at 2:35 p.m. local time, set for its highest close since Sept. 13.

To contact the editor responsible for this story: Chan Tien Hin at

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