KUALA LUMPUR: UMW Holdings Bhd will be delisted from Bursa Malaysia on Feb 19, 2024 to mark the completion of its privatisation by Sime Darby Bhd.

In a filing to Bursa Malaysia, the company said shares of UMW were already suspended from trading by Bursa Malaysia on Feb 9, following the expiry of five market days from the extended closing date of the takeover offer by Sime Darby.

Sime Darby previously extended the  closing date for it RM5 per share offer to take over UMW private to Jan 31, 2024, about two weeks later than the original deadline of Jan 17, 2024.

As at Jan 31, 2024, Sime Darby already held 98.86 per cent of the total shares in UMW as of Jan 31, according to CIMB Investment Bank Bhd.O

n the same date, UMW applied to Bursa Securities to withdraw its listing status.-ends-