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Sime Darby to sell 40% stake in Seriemas Development for $146.11 million

KUALA LUMPUR (Nikkei Markets) -- Malaysia's Sime Darby, the world's largest palm oil producer by acreage, said Tuesday it is selling the entire 40% stake in Seriemas Development for 625 million ringgit ($146.11 million) to its largest shareholder.

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