PETALING JAYA: Sime Darby Property Bhd
(SimeProp) is negotiating with plantation giant SD Guthrie Bhd on possible joint developments or land sales in northern or southern Peninsular Malaysia, according to RHB Research.
SimeProp and SD Guthrie have several mutual shareholders. For example, Permodalan Nasional Bhd and the Employees Provident Fund together hold more than half of the shareholding.
“Looking beyond the local market, the management is also seeking growth opportunities in overseas markets, and the team is currently studying development potential in Vietnam,” the research house said.
They formed part of SimeProp’s efforts to explore new areas outside the Klang Valley for its property development segment.
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