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A worker collects fresh palm bunches. (Courtesy of Sime Darby)
Economy

Malaysia's Sime Darby splits up palm oil kingdom to raise equity value

To free group from conglomerate discount, plantation and property divisions will be listed separately

CK TAN, Nikkei staff writer | Malaysia

KUALA LUMPUR -- Sime Darby, the world's largest plantation and palm oil producer, plans to split into three separate listed entities to promote future growth. The listing of plantation division, the core business of the Malaysian state-owned conglomerate, comes as demand weakens for crude palm oil. With the move, Sime Darby aims to free the group from an equity discount normally associated with conglomerates.

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