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Business

Sime Darby says spinoffs are about 'maximizing value'

Listing plantation, property arms could free group from conglomerate discount

Mohd Bakke Salleh, Sime Darby's president and chief executive

KUALA LUMPUR -- Sime Darby, the Malaysian conglomerate that runs the world's largest plantation business by acreage, on Monday said it will restructure its asset distributions and borrowings before floating two subsidiaries.

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